Can Lyft Stock Lift Itself Out Of Its Meltdown?
<p>The ridesharing company’s stock is taking a major hit, and the headwinds might not dissipate soon. Why did Lyft, Inc. (Nasdaq: LYFT) stock take a 33% dip? Source: Thought Catalog Lyft stock dropped by 30% on Wednesday, after the company announced that its profitability may take a dent as it increases incentives to keep drivers. Before the news release, things were going quite well for the stock.</p>
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