Lyft Jumps As Company Marks Best Week For Rides Since The Start Of The Pandemic

insider@insider.com (Carla Mozée), Business Insider
Wed, 03/03/2021 - 8:15am

Mario Tama/Getty Images Lyft shares picked up more than 6% Wednesday following an upbeat February-trends update. Rideshare volume toward the end of February had its best week since pandemic lockdowns began in March 2020. Lyft forecast an adjusted EBITDA loss of $135 million, which is narrower than its previous loss projection of up to $150 million.

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Topics:  mario tama/getty images   february-trends   rideshare   visit   centers   disease control   prevention   americans   us senate   house   december   january   securities   exchange   commission   business insider   lyft   february   march   ebitda   us   business   insider   covid-19   company   week   pandemic   loss   million   update   volume   conditions   wednesday   shares   lockdowns   began   quarter   growth   average   projection   stock   year   rose   daily   narrower   month   
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