Any investors in Lyft? Lyft stock has been abysmal since it's IPO and has done worse than NYC taxi medallions have from the peak. Odd of Lyft going bankrupt?
u/MainBuddy604 ·
Reddit — r/investing
· March 04, 2026 at 04:56
· ⬆ 21 pts
· 💬 16 comments
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Do investors still think Lyft or Uber are innovative or disruptive? They seem like bloated and poorly run cab operations.
NYC Taxi medallions peaked at over 1 million in 2014 and dropped precipitously with the regulators allowing Uber and Lyft to proliferate. They dropped around 70-90% in market value. But the medallions still made/make money as long as there is a driver operating them for the owner, and probably lots more owner drivers getting into the business. From what I hear, business is good in NYC.
Meanwhile Lyft has dropped about 80-90% from it's IPO and highs as well. The drivers constantly seem pissed off as they are getting less and less with costs only going up.
What are the odds it goes bankrupt?