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Key Facts About Lyft
Lyft (NASDAQ: LYFT), a ride-sharing platform, reported breaking records in key metrics in its most recent quarter, generating over $1 billion in free cash flow, resulting in a 16% free cash flow margin.
However, concerns loom over potential disruption from autonomous vehicles, as companies like Tesla advance in driverless technology. As a result, investors are assessing the long-term implications of this risk on Lyft’s business model.
Currently, Lyft’s stock trades at less than 9 times its free cash flow, positioning it as a potentially strong investment despite the risks associated with the rise of autonomous driving.
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