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…

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