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NetworkNewsBreaks – Lyft Inc. (NASDAQ: LYFT) Featured in Analysis Report

Company: Lyft Inc. (LYFT)
Category: Analyst Alerts

Lyft (NASDAQ: LYFT), one of the largest transportation networks in the United States and Canada, was featured in a recent analysis report that discussed its surging share prices amid increased demand and recent news. The report, written by LikeFolio Founder Andy Swan, reads, “Demand in 20Q3 showed signs of recovery. While ridership mentions were down YoY, they increased 24% QoQ, in-line with Lyft’s positive note of rideshare recovery in July and August. Since then, LYFT shares have gone for a ride. Californians approved Prop 22, allowing ridesharing companies to classify drivers as independent contractors vs. employees (Uber Technologies Inc. (NYSE: UBER) and LYFT shares jumped on this announce). Positive vaccine trial news sent LYFT shares rocketing higher, as investors became optimistic about a sooner-than-later return to normalcy.”

About Lyft Inc.

Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change. Lyft’s transportation network brings together rideshare, bikes, scooters, car rentals and transit all in one app. Lyft is singularly driven by its mission: to improve people’s lives with the world’s best transportation. For more information, visit www.Investor.Lyft.com.

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