Lyft Investors Sue Over Slump, Claiming IPO Was Overhyped
John Zimmer, co-founder and president of Lyft Inc., left, and Logan Green, co-founder and chief executive officer of Lyft Inc., stand for a photograph before ringing the opening bell during the company’s initial public offering (IPO) at Lyft’s new service center in Los Angeles, California, U.S. (Photographer: Kyle Grillot/Bloomberg)

Lyft Investors Sue Over Slump, Claiming IPO Was Overhyped

(Bloomberg) -- Lyft Inc. was sued by investors who claim the ride-sharing company overstated its market position when it went public last month, leading to a dramatic plunge in its stock price.
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