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 losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s … Continue reading Lyft lost $1.14B in Q1 2019 on $776M in revenue