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Heavy Lyft

18 Mar 2019 By Richard Beales

The ride-hailing firm’s newly disclosed IPO valuation target tops out at $23 bln. That’s compatible with a $100 bln-plus price tag for Uber. Yet both are a big stretch with no profit in sight. Lyft has flaws all its own, too, led by governance. If it’s a choice, it’s not easy.

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