Lyft Acquires Freenow for $197M

This is a news story, published by Yahoo Finance, that relates primarily to Yahoo Finance news.

tech giants news

For more tech giants news, you can click here:

more tech giants news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like tech giants news, you might also like this article about

European mobility platform Freenow

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Lyft access news, Uber news, tech giants news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Lyft

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

•

Technology

Lyft, Inc. (LYFT): A Bull Case Theory

Summary

Nutrition label

81% Informative

Lyft, Inc. (LYFT)'s share was trading at $ 11.16 as of April 17th .

LYFT's trailing and forward P/E were 186 and 10.94 respectively according to Yahoo Finance .

The $197 million acquisition of European mobility platform Freenow marks a pivotal shift in the company’s strategy, ending its North America -only focus and unlocking a broader global footprint.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful