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The competition between Uber and Lyft benefits consumers as it leads to better services and competitive pricing. Both companies strive to improve their services to attract more customers. They also offer various promotions and discounts to gain a competitive edge, which directly benefits the consumers.
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Uber and Lyft debuted on the public market within two weeks of each other in 2019. Both IPOs were in the works for years and were long-awaited by investors. While today, Uber is available globally in over 650 cities and regions, Lyft is still only available in the US and Canada. But because of Lyft's regional focus, it is available in more US cities than Uber.
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