Lyft's Stock Jumps! Is This the 'Pog' Moment We've Been Waiting For?

Lyft's Stock Skyrockets: PogChamp Alert!

Okay stream fam listen up! Your girl Poki here is dropping some knowledge bombs about Lyft. So like Lyft's stock went FULL SEND and climbed 28% on Friday! Can you even believe it? Apparently they upped their share buyback plan and their gross bookings were better than expected. Is this the 'pog' moment we've been waiting for? I think yes.

CEO's Chill Vibes: 'Nothing to Worry About'

Lyft CEO David Risher was on CNBC's "Squawk Box" (lol squawk) saying there's "nothing to worry about" despite all the economic doom and gloom. He's all like "Our team is stronger than ever and the consumer demand is absolutely there." Okay David I see you with that positive energy! Reminds me of when I tell my viewers 'Don't be sad be glad!' even when I'm losing in Valorant. Fake it till you make it right?

Rides Up Revenue... Almost Up!

Gross bookings grew 13% to $4.16 billion! Yas queen get that bag! Rides increased 16% to 218.4 million. People are clearly ditching their cars and choosing the Lyft life. However their revenues while still up 14% to $1.45 billion fell slightly short of the $1.47 billion estimate. So close! It's like when you're one headshot away from winning the game but then you get sniped. Feels bad man.

From Loss to Profit: We Love a Good Comeback Story

The best part? Lyft reported a net income of $2.57 million which is 1 cent per share. That's a HUGE jump from last year's net loss of $31.54 million! Talk about a glow up! It's like going from Bronze to Immortal in one stream. Major W!

Activist Investor Quits: Mission Accomplished?

Activist investor Engine Capital is calling it quits and withdrawing their board nominations. Apparently they had some 'productive conversations' and now they're happy with the share buyback plan. So it's like they came they saw they negotiated they left. Smooth moves Lyft.

Uber's Oopsie and Goldman's Approval

Meanwhile Uber's shares dipped after some mixed results. Oof that's rough buddy. But hey Goldman Sachs upgraded Lyft to a buy rating saying their growth is solid. Basically Lyft is like that reliable friend who always has your back while Uber is still figuring things out. No hate though we love all our ride sharing apps... mostly.