There are a lot of fallen angels from the pandemic-era stock market bubble. Ride-sharing platform (NASDAQ: LYFT) is a textbook example of a pandemic bubble stock.

Its shares are off 85% from their all-time highs even though the company has put up solid revenue growth as investors clamor for these new-age companies to generate true profitability. Lyft has posted a trailing-12-month net loss every quarter since going public in 2019. Not great. 

But there are some signs it might be finally turning a corner. With new management taking the reins and cost-cutting initiatives in place, is there hope Lyft stock can finally make a turnaround? Let's take a look. 

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Source Fool.com