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I'm not sure what Lyft's story is, but Uber is profitable in developed market, but is pouring enormous amounts of cash into expanding as rapidly as possible. I
by JimmyAustin 9y ago
I'm not sure what Lyft's story is, but Uber is profitable in developed market, but is pouring enormous amounts of cash into expanding as rapidly as possible. I believe that if they cut back growth efforts, they can hit profitability relatively quickly, but this would probably bring the valuation down from the sky high level that it is at the moment.