Uber and Lyft, both based in San Francisco, are ride hailing’s odd couple. Uber is much larger, with $3.8 billion in revenues for the first nine months of 2019 compared to $956 million for Lyft. “We prefer Lyft because it focuses on the most profitable business in North America, the largest rides market,” Cascend Securities analyst Eric Ross said. Uber and Lyft declined to comment. Uber has integrated transit information of eight US cities and allows customers in Las Vegas and Denver to purchase public transit tickets through its app.

Source: bd News24 February 07, 2020 22:41 UTC