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U.S. Slowdown at Uber and Lyft

“Revenue growth rates for the U.S. ride-hailing businesses of Uber and Lyft slowed this summer to their lowest point in years, according to research firm Second Measure, which tracks credit and debit card transactions. Growth in the number of rides also slowed, particularly at Lyft, possibly reflecting price increases instituted by the No. 2 ride-hailing firm.”

Amir Efrati

The Full Story

My Thoughts

The beginning of the end?

And interesting to see them called ‘ride-hailing’ companies instead of the usual ‘ride-sharing’. They are absolutely not ride-sharing …. but if they are ride-hailing … isn’t that called a Taxi?

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