Lyft gives up debut gains in second day of trading

Shares of ride-hailing company Lyft Inc crashed below their initial public offering price in just their second day of trading on Monday, matching the speed at which Facebook Inc gave up its IPO price after a rocky debut nearly seven years ago.

Analysts blamed the 12 percent slump on lingering questions about how loss-making Lyft will become profitable and the big pop in its highly anticipated first day of trading.