Several factors could influence the future growth of Uber and Lyft. These include regulatory changes, competition, technological advancements, and market saturation. Regulatory changes can either facilitate or hinder their operations. Increased competition, especially from new entrants, can affect their market share. Technological advancements like self-driving cars can change the dynamics of the ride-hailing industry. Lastly, market saturation in their current markets can limit their growth, pushing them to explore new markets.
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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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