Wolf Popper LLP Announces Investigation on Behalf of Lyft, Inc. Investors

NEW YORK, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential claims on behalf of purchasers of Lyft, Inc. common stock (NASDAQ: LYFT).

After the market closed on February 13, 2024, Lyft announced its financial results for the fourth quarter and full-year ended December 31, 2023. Lyft’s press release reported that Lyft anticipated an “[a]djusted EBITDA margin expansion … of approximately 500 basis points year-over-year,” when in fact Lyft only anticipated a 50 basis point expansion. Lyft common shares traded at inflated prices in the aftermarket on February 13, 2024 until the misstatement was corrected.

Investors who own Lyft common stock and who would otherwise like to discuss the investigation should contact Robert C. Finkel at (212) 451-9620, or rfinkel@wolfpopper.com.

Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper’s reputation and expertise have been repeatedly recognized by courts that have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com.

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Wolf Popper LLP
Robert C. Finkel
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9620
Email: rfinkel@wolfpopper.com