Lyft Suffers 50% Decline in Ride Shares in November

Lyft Suffers 50% Decline in Ride Shares in November
Rich Duprey, The Motley Fool

The rising number of COVID-19 cases slammed into Lyft's (NASDAQ: LYFT) business last month as the ridesharing company said the number of rides plunged 50% from last year. As a result, Lyft says it now forecasts sequential revenue growth to be at the lower end of the 11% to 15% range it previously guided toward. Shares of Lyft rose in morning trading on the news.