Lyft Rises Nealy 9% on May Ridership Figures, New EBITDA Forecast

Lyft Rises Nealy 9% on May Ridership Figures, New EBITDA Forecast

Lyft (NASDAQ: LYFT) was a rideshare star on the stock market Wednesday, following the previous day's after-market release of its latest business update. Previously, Lyft guided for a maximum loss of $360 million. Lyft said, unsurprisingly, that the most robust growth in May ridership occurred in cities where coronavirus-related limits on personal movement had been lifted.