Is that light at the end of the tunnel for Lyft or the headlights of an oncoming Uber? On Tuesday, Lyft posted first-quarter revenue that handily topped analysts’ expectations. Its outperformance came at a cost, though—a net loss in the first quarter of more than $1.1 billion, or more than Lyft lost in all of 2018. Notably, active riders of...

Source: Wall Street Journal May 07, 2019 21:45 UTC