Why Lyft is headed for its own recession

2 min read . Updated: 29 Jan 2023, 06:38 PM IST Laura Forman, The Wall Street Journal

Lyft’s stock is now fetching around nine times enterprise value to forward earnings before interest, taxes, depreciation and amortization (Photo: Reuters) — Lyft’s stock is now fetching around nine times enterprise value to forward earnings before interest, taxes, depreciation and amortization **(Photo: Reuters)**

Fundamentals show ride-hailer’s rebound likely to stall as the new year progresses

After losing around three-quarters of its market value last year, Lyft‘s shares are up almost 47% this month. A close look at the ride-hailer’s fundamentals suggest that kind of rebound hasn’t yet been earned.

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Why Lyft is headed for its own recession

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