Press release
Investors who lost money with shares of Lyft, Inc. (NASDAQ: LYFT) should contact the Shareholders Foundation in connection with Investigation
An investigation for investors in Lyft, Inc. (NASDAQ: LYFT) shares over potential securities laws violations by Lyft, Inc.
Investors who purchased shares of Lyft, Inc. (NASDAQ: LYFT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Lyft, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
Lyft, Inc. reported that its annual Total Revenue rose from over $4.09 billion in 2022 to over $4.4 billion in 2023, and that its Net Loss declined from over $1.58 billion in 2022 to $343.01 million in 2023.
On February 13, 2024, Lyft announced its financial results for the fourth quarter and full-year ended December 31, 2023. Lyft's press release reported that Lyft anticipated an "[a]djusted EBITDA margin expansion … of approximately 500 basis points year-over-year," when in fact Lyft only anticipated a 50 basis point expansion.
Shares of Lyft, Inc. (NASDAQ: LYFT) closed on August 01, 2024, at $11.42 per share.
Those who purchased shares of Lyft, Inc. (NASDAQ: LYFT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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