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Briefing
uber/lyft

Lyft Stock Drops as It Lags Behind Uber in Ride-Hailing Efficiency

By
Amir Efrati
· · Source: The Information

Lyft shares fell more than 5% after the company reported fourth-quarter earnings and said its revenue growth is expected to slow dramatically this year. The news came days after rival Uber said its ride-hailing revenue had accelerated. Uber’s shares have risen to above $41, just a few dollars short of its IPO price.  Lyft’s $96 million cash burn in the fourth quarter was lower than the $173...

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