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Lyft is sued by investors over IPO

(Reuters) – Lyft is sued by investors over its initial public offering – court filing Lawsuit also names Lyft executives and bank underwriters as defendants. Lawsuit claims Lyft misled investors about its ridesharing position, bicycle safety issues, and labor matters. Lawsuit filed in San Francisco federal court claims Lyft’s false and misleading
Tech

Pinterest shares tumble as profit seen elusive

– Pinterest Inc’s shares slumped as much as 17% on Friday after the online scrapbook company’s disappointing annual forecast shook investors’ faith in its ability to turn in a profit soon. The fall in shares after Pinterest’s first quarterly results as a public company took some of the shine off its successful stock market debut […]