Lyft needs more than good results to catch Uber
The two ride-hail companies are no longer playing in the same league
Both Uber and Lyft recently reported Q2 results, and both did pretty well. Uber made headlines with its first-ever operating profit ($326 million), but the other numbers were good too. Net income of $394 million (largely due to paper gains on its equity investments), adjusted ebitda of $916 million, $9.2 billion in revenue, $1.1 billion in free cash flo…
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