Lyft gears up for IPO, shows financial gains

Lyft is slowly rolling toward being in the black.

In the first half of 2018, the ride-sharing app company more than doubled revenue to $909 million, up 121 percent compared with the year prior, a person familiar with the numbers told The Information.

Reining in things like promotions for riders meant “the net loss rose at the relatively slower rate,” according to The Information, with Lyft penning 46 percent losses, up to $373 million, during the same period.

The San Francisco-based ride-hailing…