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Autonomous Vehicles Uber/Lyft

Lyft Shows Financial Improvement Ahead of IPO Filing

Lyft appears to be getting better at controlling its costs.

The ride-hailing firm more than doubled revenue to $909 million in the first half of 2018 compared with a year earlier, according to a person with knowledge of the figures. But tighter control of expenses such as promotions for riders and technical infrastructure and networking meant the net loss rose at the relatively slower rate of 46% to $373 million during the same period.

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