Investing in ride-sharing companies like Uber and Lyft comes with several potential risks. These include regulatory challenges, as these companies often face legal issues related to their business models. There's also the risk of increased competition, both from traditional taxi services and other ride-sharing companies. Additionally, these companies are yet to turn a profit, which is a significant risk for investors. Finally, there's the risk associated with the companies' reliance on independent contractors, as legal challenges could force them to reclassify drivers as employees, potentially increasing costs.
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