Bullet points of LYFT Inc. (LYFT): Best Small Cap Tech Stock to Buy
Bullet points of LYFT Inc. (LYFT): Best Small Cap Tech Stock to Buy
- US inflation may have reached a 3-year low of 2.6%
- Fed officials think that inflation is steadily declining towards their 2% target
- Craig Johnson and Gene Goldman discussed the Fed's interest rate cuts and stock sector performance
- LYFT Inc. (NASDAQ:LYFT) is an American company offering mobility as a service through ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery
- The company launched a program to ensure drivers earn at least 70% of their fare
- Driver and rider engagement hit a record high in Q2 2024
- The company is working on new features for regular riders, including Price Lock
- LYFT Media segment is doing well, with revenue up over 70%
- Total revenue in Q2 was $1.44 billion, with a 40.64% year-over-year improvement
- US inflation may have reached a 3-year low of 2.6%
- Fed officials think that inflation is steadily declining towards their 2% target
- Craig Johnson and Gene Goldman discussed the Fed's interest rate cuts and stock sector performance
- LYFT Inc. (NASDAQ:LYFT) is an American company offering mobility as a service through ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery
- The company launched a program to ensure drivers earn at least 70% of their fare
- Driver and rider engagement hit a record high in Q2 2024
- The company is working on new features for regular riders, including Price Lock
- LYFT Media segment is doing well, with revenue up over 70%
- Total revenue in Q2 was $1.44 billion, with a 40.64% year-over-year improvement