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uber/lyft

Lyft Details Slight Improvement In Ride-Hailing in May

By
Martin Peers
· · Source: The Information

The ride-hailing business is recovering, Lyft said in a securities filing. Rides on its platform in May rose 26% compared to April, although volumes for the month were down 70% on a year earlier. That’s about where things stood in early May, when Lyft reported its first quarter results. Still, Lyft had a few other positive datapoints. For the week to Sunday, the number of ride-share rides was...

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