The market value of the American ride-hailing platform "Lyft" has evaporated by 342.8 billion yuan this year.

(Schematic, Reuters)

[Financial Channel/Comprehensive Report] The stock price of the American car-hailing platform "Lyft" has been falling recently. On Tuesday (27th), Lyft's stock price closed below $10 for the first time, reaching $9.87, the lowest closing price since Lyft's listing.

Foreign media reported that due to the continuous decline in stock prices, Lyft's market value has evaporated this year by 11.18 billion yuan (about NT$342.8 billion).

According to comprehensive media reports, due to the decline in the company's stock price this year, Lyft has been working hard to cut costs. For example, last month, Lyft announced the layoff of 683 non-driving employees, equivalent to 13% of the company's total manpower.

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However, the layoffs still couldn't stop Lyft's stock price from falling.

Lyft's stock price fell again on the 27th, once as low as $9.72, and finally closed at $9.87, setting the lowest intraday and closing price of Lyft since its listing in March 2019.

The report pointed out that this wave of decline has wiped out about $11.18 billion in Lyft's market value.

Since the beginning of this year, Lyft's stock price has fallen by 77% this year, and the company's current market value is only US$3.56 billion (approximately NT$109.1 billion).

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