Shares of Lyft Inc. dropped 3.0% in morning trading Monday, after the U.S. Securities and Exchange Commission said it charged the ride-share company for...
Shares of Lyft Inc.
dropped 3.0% in morning trading Monday, after the U.S. Securities and Exchange Commission said it charged the ride-share company for failing to disclose a board member’s rose in the a shareholder’s sale of about $424 million worth of stock before the company went public. Lyft agreed to pay a $10 million civil penalty and agreed to a cease-and-desist order, without admitting or denying the SEC’s findings.
have advanced 8.1% and the S&P 500 SPX, -0.11% has tacked on 0.85.
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