Lyft is deeply unprofitable — but that isn't stopping eager Wall Street investors (LYFT)
Lyft's losses are growing, and the company could be years from profitability.
That hasn't suppressed Wall Street's appetite for stock of the ride-hailing company, which went public on Friday.
The company's oversubscribed initial public offering was priced above its original window and spiked more than 20% in trading.
Wall Street analysts have yet to issue a sell rating for the stock, but all coverage is markedly bullish thus far. Lyft lost $911 million last year.
That's mo
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