Reported about 2 months ago
Lyft's stock has plummeted 83% since its IPO, but recent signs of profitability and growing revenue have attracted billionaire investors like David Tepper and Ken Griffin. Tepper's Appaloosa Management purchased 7.5 million shares, while Griffin's Citadel Advisors acquired 4.4 million shares, signaling confidence in Lyft's recovery. Market analysts are debating whether this is the right time for investors to consider buying Lyft shares, with its recent profits suggesting a potential turnaround.
Source: YAHOO