In its second quarterly earnings release as a public company, Lyft showed it still isn’t afraid to lose money as long as that means surging revenues.

Update: The company’s stock price jumped as high as 12% after-hours following the Q2 earnings release, but by 1:30pm PT the stock had sunk below the day’s close (following a 2.7% bump in its share price before the earnings dropped). The company moving up the lockup date release by more than a month may have spooked investors and caused the swing.

In Q2, Lyft beat on revenue with $867 million for the quarter, compared with $505 million in Q2 of last year, but Lyft also had net losses of $644 million for Q2 compared to $179 million in the

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