Technology

Lyft's stock opens down 32% after the company forecast $975M in Q1 revenue vs. $1.09B est.; Lyft CFO blamed "seasonality and lower prices" for the weak guidance (Lauren Feiner/CNBC)

Photo of Grace Will Grace Will February 10, 2023
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Lyft's stock opens down 32% after the company forecast $975M in Q1 revenue vs. $1.09B est.; Lyft CFO blamed "seasonality and lower prices" for the weak guidance (Lauren Feiner/CNBC)
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Lauren Feiner / CNBC:

Lyft’s stock opens down 32% after the company forecast $975M in Q1 revenue vs. $1.09B est.; Lyft CFO blamed “seasonality and lower prices” for the weak guidance  —  – Shares of Lyft fell on Friday, a day after the company reported guidance for its first quarter of 2023 that was short of analyst expectations.



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