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Lyft purchaseThe Motley Fool
•75% Informative
Lyft is the No. 2 ride-sharing operator behind Uber Technologies .
The company reported its first -ever profit on a GAAP basis at $5 million in the second quarter .
David Tepper's Appaloosa Management is one of the most successful hedge funds in the world.
Ken Griffin's Citadel Advisors hedge fund bought 4.4 million shares of Lyft in Q2 , bringing its stake to 6.5 million .
Stock Advisor returns as of August 22, 2024 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies . The Motley Fool recommends Alibaba Group . The Motley Fool has a disclosure policy. This Growth Stock Is Down 83% , but Billionaire Investors Are Scooping It Up. Is It a Buy? was originally published by The Motley Fool .
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