Lyft looks to raise $500M as Uber stumbles – USA Today (Mar 2, 2017)
As I mentioned in covering Lyft’s rapid expansion into new cities in the first two months of the year, taking advantage of Uber’s current struggles is smart, but it’s going to be costly. This news that Lyft is raising more money is validation of that view, but may also be a sign that it work even harder to take advantage of this window of opportunity. That’s smart – Uber is especially vulnerable with both drivers and riders at the moment, and the differentiation between the two is so limited that as long as Lyft has the capacity it could take really meaningful share.
via USA Today
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