Some would also argue that it was exactly that gentle approach that made it hard for Lyft to compete against Uber’s aggressive approach. Uber’s IPO could value it at $100 billion — which is about $20 billion less than it was expected to be valued at last year, according to a Bloomberg report. Still, it’s far more than Lyft’s $24-billion valuation at the time it went public. The company has also seen its shares tumble more than 10% in the last week.

Source: Los Angeles Times April 12, 2019 00:11 UTC