I work for Lyft as a driver. They reported to us that this week and next week we will be given bonuses every hour we drive and $1000 for every new driver that uses our code to sign up if they sign up and drive before the 8th of may. On the 9th of may they will be reporting their earnings. So we know they haven’t reported profits since they launched but speculative investors hold the stock in hopes that it does become profitable. It’s $16/share right now and if they report a profit investors are gonna buy this stock up like crazy which is why they want to prove to investors that they have the drivers and they can become profitable because well let’s face it they need the investors money more than they need the money made thru the platform and all they wanna show is they’re “potential”. That’s as bearish as the situation can be. Bullish point of view is they are super close to being able to report a profit so that’s why they are incentivizing driver now more than ever to sign up friends and complete trips with passengers and are paying drivers more money than passengers are paying for rides. This stock is gonna rise significantly as speculators get greedy and buy it cheap now so they can make hopefully 4x the money invested in returns. Do yourself a favor and buy some shares now so you don’t miss out. thank me later
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