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flag Lyft reports strong Q1 earnings, beats expectations, and announces a $750M share buyback.

flag Lyft reported strong first-quarter earnings, beating analyst expectations on earnings and surpassing estimates on active riders and rides. flag CEO David Risher, formerly of Microsoft and Amazon, highlighted lessons learned from Bill Gates and Jeff Bezos, focusing on competition and customer needs. flag The company’s share price rose by 20%, and it announced a $750 million share buyback plan. flag Despite this positive news, analysts caution about competition from Uber and Waymo in autonomous vehicles.

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