A man rides a Lyft scooter near the White House in Washington DC Reuters
JPMorgan says Lyft’s core ride-hailing business is already profitable in certain markets.
It’s other bets on things like bikes, scooters, and self-driving cars that are dragging down the company’s balance sheet.
Other Wall Street analysts have also raised their estimates and targets for Lyft following second-quarter earnings that topped expectations.
Continue reading… “Lyft’s main taxi business is already profitable in some areas, but self-driving cars and bike-sharing are eating into that revenue”