Uber Technologies Inc's initial public offering (IPO) filing on Thursday wi...
- Uber Technologies Inc’s initial public offering filing on Thursday will draw inevitable comparisons to its smaller ride-hailing rival Lyft Inc, which completed its initial public listing last month.
Not only is Uber much larger than Lyft, but it is also more complex, with operations that go beyond its core ride-hailing business and extend into areas such as food delivery and freight transit.Uber is a much larger company than Lyft, with operations in markets ranging from the United States to Latin America to North Africa. Lyft operates entirely in North America.
If one considers revenue growth, however, Uber may take a back seat to Lyft. Lyft has been rapidly gaining market share relative to its larger rival, meaning that its revenue growth has been outpacing Uber’s. But expect Uber to argue to investors that its scale will give it a significant advantage in terms of profitability over the long run, allowing it to more effectively hold down costs.
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