Lyft: It Keeps Getting Worse
California continues to move forward on AB 5 that will turn contractors into employees. Lyft already has a slim profit margin. Avoid the stock until the company formulates a business model around generating solid operating margins. My previous work already focused on the lack of a margin of safety in Lyft ( LYFT ) and the news continues to get worse. The company faces legislative issues pressuring the gig work concept while the business growth is apparently decelerating at a very fast clip. The stock doesn't appear to have reached a low yet. Read the full article on Seeking Alpha. More commentary - WhoTrades Disclosure: No position mentioned. Please review the disclaimer page for more details.