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Why Lyft Stock Lost 12% in April

·2-min read
Why Lyft Stock Lost 12% in April
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Lyft (NASDAQ: LYFT) shareholders trailed a booming rally last month. Regulators might be looking to reclassify its drivers as employees rather than independent contractors, for example, which would mean extra costs and a higher administrative burden for Lyft and its competitors. Lyft's growth should accelerate over the next few quarters, especially as it goes up against year-ago periods dominated by retailing lockdowns across the U.S., Europe, and most other markets.