Lyft is having a brutal week with the stock down 20% since Monday

Lyft is having a brutal week with the stock down 20% since Monday

5 years ago
Anonymous $fWzGa1uP8i

https://www.cnbc.com/2019/04/12/lyft-stock-plunges-as-investors-get-a-first-look-into-ubers-finances.html

Shares of Lyft are down more than 20% for the week as investors finally got their first look inside its rival's business, Uber. The stock is on track to close in the negative four out of five days this week and drop $3 billion in market capitalization.

The stock started the week priced at $74.45 from last Friday's close, above its IPO price of $72. As of Friday morning, shares traded around $59 with a market capitalization of about $17 billion.