Investoreight
Skip to main content

Ride-hailing firm Lyft freezes U.S. hiring amid downturn fears

Yahoo! Finance
A broad sell-off in markets due to red-hot inflation and fears of a looming recession have crushed risky assets this year. As of Tuesday's close, Lyft's stock has dropped over 68% in 2022. San Francisco, California-based Lyft said in July it was cutting about 60 jobs in its rental division.
Continue Reading