Lyft forecasts slower growth in 2020, leaves target profit unchanged
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(Reuters) - Lyft Inc on Tuesday forecast slower growth in the new year as ridership growth stagnated in the second half of 2019, disappointing investors and sending shares down 3.7% after hours.While the ride-hailing company reported record quarterly revenue of more than $1 billion, it failed to change its target to achieve profitability on an adjusted basis by the end of 2021. This was in contrast to its larger rival Uber Technologies Inc , which last week moved forward by a year its own..