Lyft craters to a record low after its first quarterly report disappoints, Uber IPO looms (LYFT)

Lyft shares fell nearly 11% to a record low on Wednesday after reporting quarterly results for the first time as a public company.
Lyft did not break out gross bookings data in its report, which disappointed analysts looking for further detail on its growth.
Uber, Lyft's biggest rival, is expected to price its initial public offering on Thursday and begin trading on Friday.
Watch Lyft trade live.
Lyft plunged nearly 11% to a record low on Wednesday after the ride-hailing company unveiled it