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Why Lyft Stock Leapt Today

TheMotleyFool

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Shares of Lyft (NASDAQ: LYFT) jumped on Wednesday after the ridesharing company delivered solid third-quarter results.

As of 3:45 p.m. EDT, Lyft's stock price was up more than 8%.

Lyft's revenue soared 73% year over year to $864.4 million, as more drivers returned to work. "Driver supply materially improved in Q3, up nearly 45% versus last year, reflecting strong new driver trends," CEO Logan Green said in a press release.

Source Fool.com

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