Business Standard

Lyft's IPO filing reveals nearly $1 billion in net losses in 2018

In 2018, the company's revenue totalled $2.2 billion, while it lost $911.3 million

Lyft Inc, Lyft
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An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, US. (Photo: Reuters)

Kate Conger & Michael J de la Merced | NYT
Lyft pulled back the curtain on its business for the first time on Friday as it prepared to go public, officially starting the countdown on a horde of technology offerings that are set to bring new wealth to Silicon Valley this year.
 
By publicly unveiling the prospectus for its initial public offering, Lyft signaled its intention to meet investors in what is known as a roadshow in about two weeks, after which it will most likely start trading on the stock market in April. The ride-sharing company leads a stampede of other highly valued private tech companies that plan

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