Some analysts said in notes following Lyft’s earnings report that the sell-off was overblown.
Lyft continued to plunge Wednesday as investors expect short-term headwinds to weigh on the company.
In its first-quarter report Tuesday, Lyft provided light guidance for the second quarter and said it would have to keep spending on driver incentives due to surging gas pricesshares plunged 30% Wednesday as investors expect short-term headwinds to weigh on the company.on both the top and bottom lines after the bell on Tuesday.
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