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Lyft stock goes nuclear as it beats on revenue but reports over $1B in losses

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Lyft has never been profitable. Its entire business model is based on scale and the hope that someday it will turn a corner and be able to offer enough services to be in the black. We do not know when, or if, that day will come, and it certainly isn’t today: Lyft just reported its first-ever earnings report as a publicly traded company, and hoo boy is it not profitable.

The company reported revenue of $776........

© Fast Company