Thursday, April 18, 2019

Investors Sue Lyft

Lyft's stock price has fallen 17 percent from its IPO price of $72. An now, investors are suing the company, claiming the IPO was over-hyped. Specific claims in the lawsuit are that the company exaggerated its market share and the company failed to disclose that it was about to recall 1,000 bikes in its ride-share program.