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Lyft Shares Drop Despite Reported Revenue Growth

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Lyft shares are underperforming compared to its main competitor, Uber, spiking concerns that the rideshare company may have to offset its losses with price gouging and cost-cutting measures. The company’s shares dropped by 32% on Friday, marking its worst single-day drop since its stocks fell by 30% in May 2022, the

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Source: gizmodo.com