Lyft May Claim A Third Of U.S. Market Soon!
Lyft is expected to take over a significant amount of U.S. market, and has gained much on its rival Uber Technologies Inc, according to a private Lyft investor report obtained by Bloomberg.
The investor is depicting in the report that by the end of the year, Lyft's shares will see a boost in its U.S. ride-hailing business by about 61 percent. The gains that the company got are under the disturbed reputation of Uber after a series of events like executives stepping down and the distress among its drivers.
These series of events has kept Uber distracted for a long time, while it was busy with internal management conflicts, Lyft gained on that and may emerge in the coming months. Besides gaining market share, Lyft has boosted its profitability and sales, the document mentioned.
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