NEW YORK, February 22, 2024: Wolf Popper LLP is investigating potential claims on behalf of purchasers of Lyft, Inc. common stock (NASDAQ: LYFT).
After the market closed on February 13, 2024, Lyft announced its financial results for the fourth quarter and full-year ended December 31, 2023. Lyft’s press release reported that Lyft anticipated an “[a]djusted EBITDA margin expansion … of approximately 500 basis points year-over-year,” when in fact Lyft only anticipated a 50 basis point expansion. Lyft common shares traded at inflated prices in the aftermarket on February 13, 2024 until the misstatement was corrected.
Investors who own Lyft common stock and who would otherwise like to discuss the investigation should contact Robert C. Finkel at (212) 451-9620, or rfinkel@wolfpopper.com.
Contact Instructions
Phone: Philip Black – (212) 451-9628
Phone: Robert Finkel – (212) 451-9620
Email: Outreach@wolfpopper.com