Lyft says losses to drop next year, sees path to profitability in ride-sharing

FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren

Lyft Inc on Tuesday forecast that 2019 would be the peak year for losses after the ride service company lost $1.1 billion in its first quarter, just days ahead of rival Uber’s IPO.

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