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Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by late2part on Thursday March 02, 2017 @12:21AM (#13771634)
Because the industry (TAM) is very large and they generate a tremendous amount of revenue. Because their platform is considered very scalable and once they get it figured out they could operate at much lower margins and make more profit. The problem is they're not profitable today.

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