Lyft shares plunge after revenue forecast disappoints
Source: Reuters
Nov 7 (Reuters) - Ride-hailing company Lyft Inc (LYFT.O) on Monday forecast current-quarter revenue slightly below Wall Street estimates, hurt by competition from Uber Technologies Inc even while demand for rideshare picks up and prices rise.Lyft's shares were down 9% in extended trading. The stock has lost nearly 70% of its value so far this year, underperforming that of Uber, which has declined about 33%.Uber…