Lyft’s stock falls another 6% after its dismal week

The stock hit a new 52-week low Monday, down 6.3% with a market capitalization of $16 billion. The drop shaved more than $1 billion off of its market cap.

Lyft has ended more trading days in the negative than positive since its debutMarch 29. Analysts have worried that Uber’s imminent entrance into the public market could further push down Lyft’s stock. Uber is expected to seek a valuation of $90 billion to $100 billion and has a far more complex businessthan Lyft’s which it is sure to tout on its roadshow.

Source:
https://www.cnbc.com/2019/04/15/lyfts-stock-continues-to-dive-after-its-dismal-week.html?__source=twitter%7Cmain&fbclid=IwAR35TiNpo-VibEtlNT4J0Q2EdWV5Ven1sXFpx4jIWaoMT5mLzCIYWi-y9pI