Lyft (LYFT) closed at $12.95 in the latest trading session, marking a -1.67% move from the prior day.
Just ask the folks running ride-hailing outfit Lyft (NASDAQ: LYFT). Although its customers love Lyft's service and the company still has some hopeful shareholders, Lyft's balance sheet remains in the red, with no end in sight. It's not too soon for investors to start asking tougher questions about the viability and longevity of its business model, particularly as long as much-bigger rival Uber Technologies (NYSE: UBER) remains in the picture.
Lyft (LYFT) started informing aspirants about the decision to freeze job enrollment.