Previous close | 2.9700 |
Open | 2.8800 |
Bid | 2.8800 |
Ask | 2.9800 |
Strike | 25.00 |
Expiry date | 2025-01-17 |
Day's range | 2.8500 - 3.7500 |
Contract range | N/A |
Volume | |
Open interest | 6.9k |
Key Insights Lyft's estimated fair value is US$35.37 based on 2 Stage Free Cash Flow to Equity Lyft's US$20.16 share...
LYFT is set to thrive in the growing rideshare market, buoyed by competitive pricing and cost-cutting measures. However, the company's liquidity position raises major concerns.
Uber Technologies Inc. and Lyft Inc. announced they will cease operations in Minneapolis starting May 1, after the City Council overrode Mayor Jacob Frey’s veto and mandate that rideshare drivers be paid the local minimum wage of $15.57 per hour. After the veto, Uber said, “We are disappointed the Council chose to ignore the data and kick Uber out of the Twin Cities, putting 10,000 people out of work and leaving many stranded." The decision has sparked significant controversy for rideshare users