Lyft shares get crushed on weak guidance for first quarter

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Lyft shares get crushed on weak guidance for first quarter

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Lyft beat the street on revenue in the fourth quarter, but it wasn’t enough to assuage investors who reacted to the ride-hailing company’s weak guidance for the first three months of 2023. Lyft lowered expectations for revenue in the first quarter to $975 million, a decline of about $200 million…
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