I am embarrassed to say that I have never downloaded the Lyft app. Despite all the complaints about Uber and friends claiming Lyft is cheaper at times, I am mostly stuck to Uber because the app works for me both when I am traveling domestically as well as in most international locations. I was amused to discover that Uber was even trying to get me to hail a car in Venice, where there were no cars to be found.
Over the years, I paid even less attention to Lyft’s stock as it always seemed to be a distant second and the company didn’t have someone like Dara Khosrowshahi at its helm to move the needle for shareholders. That changed when I noticed a large stock buyback announcement by the company.