It Could Seven Years For Lyft To Make Money

Credit: Wochit Business
Published on April 19, 2019 - Duration: 00:32s

It Could Seven Years For Lyft To Make Money

Lyft is the ride-hailing app that went public last month.

Business Insider reports the company lost $911 million last year.

The Good News: One analyst who initiated coverage of the stock this week said the company could eventually turn a profit.

The Bad News: It could take seven years.

There is a question about the company's profitability and stiff competition in the ride-hailing space.

Those factors are at the heart of many analysts' concerns about Lyft's viability in the near-term.

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It Could Seven Years For Lyft To Make Money

JAN.

26, 2015, FILE PHOTO MAY 5, 2015, FILE PHOTO.

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