Lyft: Rides Slowly Rebounding

Wochit Entertainment
Wochit Entertainment
  • 4 years ago
Reuters Lyft said some cities were starting to see significant rebounds following the coronavirus' decimation of ride-hailing requests. Overall, US rides were up 26% in May compared to April, with some cities like Austin, Texas up as much as 73%. Shares of Lyft rose about 4% in after-hours trading as investors welcomed the rebound. Visit Business Insider's homepage for more stories. After near total decimation because of the coronavirus pandemic, Lyft said Tuesday that ride requests were starting to pick up again.

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