Lyft stock plummeted 16.5% after disappointing quarterly results. Despite strong growth metrics like $5.1 billion in gross bookings and $1.59 billion in revenue, a 4,400% jump in net income was due to an accounting maneuver, not operational strength. The stock currently trades at $14.08, far below its 2021 high of $68.

Read more at Yahoo Finance: Lyft Crashes 16% After Accounting Magic Masks Weak Growth