Lyft lost $1.14B in Q1 2019 on $776M in revenue

1:21pm PDT - May 7th, 2019    lyft stock - TechCrunch

In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability. The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on…