Lyft stock soars as rides reach all-time high, earnings top expectations

By Yahoo! Finance | Nov 7, 2024 at 01:53 PM EST

Lyft stock surged by 30% due to a successful turnaround plan, leading to record ridership. The company reported 217 million rides, exceeding expectations. Despite recent losses, CEO David Rischer aims to make Lyft profitable through strategic partnerships and cost-cutting measures.

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