Lyft to layoff 30% of employees. The company still operates at a loss and has about 2-3 years of cash left.

Ride sharing as a business model looks to have been a zero interest rate phenomenon.

https://www.wsj.com/articles/lyft-to-cut-at-least-1-200-jobs-in-new-round-of-layoffs-to-reduce-costs-da423e53?mod=djemalertNEWS