The market reaction to the IPOs of Uber and Lyft in 2019 was mixed. Both companies faced a challenging market debut. Uber's shares fell by nearly 8% on their first day of trading, while Lyft's shares dropped by more than 10%. This was despite the fact that both companies had been highly anticipated by investors. The lukewarm response was attributed to a variety of factors, including concerns about the companies' profitability and the overall state of the market.
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