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StockNews.com
StockNews.com
Business
David Moadel

Hiring Slowdown Should Make Lyft Stock Holders Jittery

Lyft John Zimmer United States
  • Lyft (LYFT) stock hasn't found its footing over the past year.
  • The company must find ways to dramatically increase its ride volume, which won't be an easy task.
  • Investors should steer clear of Lyft until the company establishes a concrete action plan beyond spending reductions.

Based in San Francisco, Calif., Lyft (NASDAQ:LYFT) is a well-known American ride-share business. Unless/until the company shows improvement in ride volumes, it's wise to avoid taking a position in LYFT stock.

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