Lyft might eventually make money — but it could take 7 years to get there, analyst says (LYFT)
Lyft, the ride-hailing app that went public last month, lost $911 million last year.
One analyst who initiated coverage of the stock this week said the company could eventually turn a profit, but that it could take seven years.
The question of profitability, along with stiff ride-hailing competition, lies at the heart of many analysts' concerns about Lyft's viability in the near-term.
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It isn't shocking that young technology companies fail to turn a profit, but it does worr
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