At first blush, it can be hard to tell Uber and Lyft's businesses apart. But look under the hood and there's a clear difference in their strategies.
New York At first blush, it can be hard to tell Uber and Lyft's businesses apart. Both companies offer rides on demand, from a mix of cars, bikes and scooters. They rely on a vast workforce of independent contractors, many of whom drive for both companies. Uber and Lyft even share certain large investors, and now they are going public back to back.
But look under the hood and there's a clear difference in their strategies. Lyft wants to be a consumer transportation company; Uber wants to be more like Amazon.Uber filed paperwork on Thursday for what is expected to be the biggest public offering of the year. In addition to shedding light on its signature ride-hailing service, Uber uses the filing to tout its freight shipping and meal deliveries businesses.
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