Lyft's Stock Skyrockets! Are They Giving Away Free Cars?

BOOM! Lyft's Stock Goes BRRRRR!

Alright Beast fans gather 'round! You know I love giving away money but this time it's Lyft's turn to give back to their shareholders! Their stock shot up 20% faster than I can give away $10,000. It's all thanks to exceeding gross booking expectations and a big boost to their share buyback plan. Maybe I should invest… imagine how many more trees I could plant with that money!

CEO Says: "No Worries Guys!"

Lyft's CEO David Risher was on CNBC saying there's nothing to worry about even with all the economic craziness. He's like 'Consumer demand is ABSOLUTELY there!' Which is great news because nobody wants to see a company crash harder than my Lamborghini in that demolition derby video. Gross bookings grew 13% to $4.16 billion! That's like a billion pizzas! Or maybe I'm just hungry…

Rides Are Up! (But Are They Free?)

People are riding more! Lyft's rides increased 16% to 218.4 million. That's A LOT of people going places. Still I can't help but wonder 'Are they giving away free rides or something?' Because if they are sign me up! I'll film a video where I give away free Lyfts for a day… sponsored by uh Lyft!

Profit?! I'm Shocked!

Get this – Lyft actually made a profit! $2.57 million! That's like enough to buy... well not a private island but maybe a really nice yacht! They went from losing money last year to making money this year. Talk about a comeback! It's like when I almost lost that hide and seek competition but ended up winning thanks to Chandler's questionable hiding skills.

Share Buyback Bonanza!

They're boosting their share repurchase plan to $750 million. Woah! That's a lot of zeros. Apparently it's a good sign. Some investor dude even stopped his campaign against Lyft because they're buying back shares. Who knew buying your own stock could be so exciting? It's like buying my own merch… except it actually helps the company!

Uber's Jealous?

Uber's stock dipped a bit this week after their mixed results. Oops! Looks like Lyft might be catching up. Goldman Sachs even upgraded Lyft's stock saying they have "strong execution." Looks like Lyft might be going for number one! And you know what that means... the winner gets one million dollars!