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Uber and Lyft take different roads in search of profit
Saturday, February 8, 2020, 9:07 AM
UBER.N and LYFT.O, the two leading U.S. ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around. Uber shares shot up 9% on Friday after the company said on Thursday it could achieve a measure of company-wide profitability in the fourth quarter of 2020, a year ahead of a previous target.
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