Lyft's results show pain but also hope as some riders return

By Associated Press

Lyft is still feeling the pandemic's severe impact on the ride-hailing industry but its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down. “We are encouraged by the ongoing recovery in ridesharing and the performance improvements we saw across bikes, scooters and fleet,” said Logan Green, co-founder and CEO of Lyft, in a prepared statement. Lyft lost $459.5 million in the third quarter, or $1.46 a share, compared with a loss of $463.5 million, or $1.57 a share, a year earlier.

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