Why Lyft Stock Leaped Today

What happened

Shares of Lyft (LYFT 16.62%) climbed 16.6% on Friday after the ride-sharing company said the number of both drivers and riders on its platform reached pandemic highs in the second quarter. 

So what

Lyft’s revenue jumped 30% year over year to $990.7 million. The gains were driven by a 15.9% rise in active riders, to 19.86 million, and an 11.8% increase in revenue per rider, to $49.89.

“Active riders and rides both hit post-COVID highs with…

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