Lyft Burning Cash On The Way To $500 Million Round

lyft-money2 Lyft is raising a half a billion dollar round, but its financials look wobbly. According to Bloomberg, the ridesharing startup took a net loss of $127 million in the first half of this year, off less than $47 million in revenue. It’s not clear if these numbers are GAAP or non-GAAP, but let’s presume those are cash numbers and do not take into account non-cash expenses. So on a… Read More