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Stock impact report

Lyft ends electric scooter operations in Oakland, Austin and San Jose [TechCrunch Blog]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: TechCrunch Blog
Lyft ends electric scooter operations in Oakland, Austin and San JoseMegan Rose Dickey@meganrosedickey/Lyft,which just had a massive round of layoffs where 982 people lost their jobs and 288 were furloughed“We’re focusing our resources where we can have the biggest impact and best serve cities and riders,” a Lyft spokesperson said in a statement to TechCrunch. “We’re continuing to invest in our bike and scooter business, but have made the tough decision to shift resources away from three scooter markets and toward opportunities where we are set up for longer-term success.”In anemail sent to Oakland riders yesterday“Thanks for riding our scooters,” Lyft wrote. “We know it’s tough to let them go. But don’t worry – Lyft is still moving forward in Oakland, and is here to help you get to where you need to go during this time.”Lyft has also permanently shut down its operations inMoving forward, Lyft scooters will only be available in Denver, Los Angeles, San Diego, Santa Monica and Washingt Show less Read more
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