- Lyft Inc’s first quarterly report on Tuesday as a public company is expected to show investors its growth possibilities and competitive strength against rival Uber, whose initial public offering will hit the market later this week.
The loss-making ride-hailing company is trying to win back investors and show that it can stay on course and keep up with larger rival Uber, which could be valued at about $90 billion. For the company to gain traction with investors, Lyft has to beat Wall Street expectations and show that it can grow profitably in a not-so-distant future.
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