The Latest: Roller coaster ride as Lyft’s stock falls
NEW YORK (AP) — The Latest on Lyft’s falling stock price (all times local):
5:00 p.m.
Ride-hailing giant Lyft’s stock has fallen below its IPO price of $72 and is languishing at around $68.
That’s a sharp turnaround from its debut when the stock price jumped 21% to $87.24 on Friday.
There wasn’t any bad news released by the company, and investors don’t know a whole lot more about Lyft’s financial picture than they did when the stock first started trading
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