Lyft Ipo
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Uber, Lyft’s huge capital have created duopoly in rideshare marketEven if another rival dared enter the market, it would likely be difficult to raise enough money to pose a viable threat after Uber and Lyft spent the past decade pulling in billions of dollars from venture capitalists.TechMay 11, 2019
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Uber starts public trading 7% lower than offered amid global market turmoilShares in the ride-hailing giant were sold in an initial public offering for $45 each, raising $8.1 billion.ConsumerMay 10, 2019
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