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Lyft Shows the Cost of Being (a Distant) Second

Lyft Shows the Cost of Being (a Distant) Second

Just ask the folks running ride-hailing outfit Lyft (NASDAQ: LYFT). Although its customers love Lyft's service and the company still has some hopeful shareholders, Lyft's balance sheet remains in the red, with no end in sight. It's not too soon for investors to start asking tougher questions about the viability and longevity of its business model, particularly as long as much-bigger rival Uber Technologies (NYSE: UBER) remains in the picture.