With Lyft making its Wall Street debut, WSJ's Lee Hawkins outlines the three biggest challenges the ride-hailing service will face in the next 12 months. Photo: AP: ReutersLyft Inc. posted strong growth in its first quarterly report as a public company, with revenue nearly doubling from the year before, even as losses continued to mount. The San Francisco-based ride-hailing company reported revenue of $776 million in the first three months of the year, up 95% from a year earlier and better than many analysts expected.

Source: Wall Street Journal May 07, 2019 20:03 UTC