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Brooke Thackray Lyft LYFT-Q DON'T BUY Oct 31, 2023

Lags Uber while Lyft has fallen off. The stock has based around $10 for the past 1.5 years. The company needs to do something: innovate, change CEO. Maybe you can trade this trading range. Otherwise, you need to see a breakout.

Brooke Thackray

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$9.170

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DON'T BUY

It got downgraded today. It has so many near-term challenges.

DON'T BUY

Will cut 30% of its workforce

They keep losing money as there's no path to profitability. It's a bad signal that they want to get rid of their founders.

DON'T BUY

Announced layoffs of 30% of workforce

Two years ago you could have owned both. Today, this game has completely changed. It boils down to management.

WATCH

The new CEO announced layoffs, which signalled that he bit the bullet and made a good move. Give this two quarters and see.

DON'T BUY

Not a viable competitor to UBER, and the results show it.

WATCH

She also finds Lyft interesting under a new CEO, more interesting that Uber. She's watching Lyft more than Uber.

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Lyft was founded in 2012 by logan green and john zimmer to improve people’s lives with the world’s best transportation, and is available to approximately 95 percent of the united states population as well as select cities in canada. lyft is committed to effecting positive change for our cities by offsetting carbon emissions from all rides, and by promoting transportation equity through shared rides, bikeshare systems, electric scooters, and public transit partnerships. Social media mentions are up 250% in the past 24h.

BUY

Is down 28% this year, so it's now cheap enough to buy, and it enjoys a duopoly with Uber. Shares were overheated before, reasonable now.

DON'T BUY

Is surprised with its weakness. Nobody talks about the costs of operating self-driving cars, like insurance, and the costs could be disastrous for Lyft.

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Brooke Thackray Lyft LYFT-Q DON'T BUY Oct 31, 2023

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