Reported about 6 hours ago
In a recent discussion, investment expert Barbara Doran emphasized that Lyft faces significant challenges in competing with Uber, which holds a 76% market share compared to Lyft's 23%. She highlighted Uber's robust financial health, including a strong cash flow and a major share buyback, while advising against investing in Lyft due to its lower profitability and high debt. Despite some positive changes with Lyft's new management, the outlook remains tough for the company to catch up with its frontrunner rival Uber.
Source: YAHOO