Lyft sinks 6% after reporting worst quarterly revenue since 2017
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- Lyft shares slid as much as 6% on Thursday after the company announced second-quarter results after the market close on Wednesday.
- While active ridership plummeted 60% year-over-year, revenue and losses per share beat expectations.
- Wall Street varied in its reaction. Wedbush analyst Dan Ives cut his price target for the rideshare giant, fearing July and early August rider trends point to a weak third quarter.
- Morgan Stanley boosted its out…