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Leaked Lyft finances show big losses – Business Insider

While Lyft expects to double revenue this year — up to around $450 million — it expects to post an operating loss of more than $200 million, the person told the Journal. These losses are big, and they’re part of a larger trend at Lyft. In November 2015, leaked financial documents showed that Lyft lost […]

While Lyft expects to double revenue this year — up to around $450 million — it expects to post an operating loss of more than $200 million, the person told the Journal. These losses are big, and they’re part of a larger trend at Lyft. In November 2015, leaked financial documents showed that Lyft lost $127 million on $46.7 million in revenue in the first six months of 2015. In April of this year, the company had to promise investors it wouldn’t lose more than $600 million a year.

Source: Leaked Lyft finances show big losses – Business Insider

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