Uber and Lyft could consider several strategies to increase their cash reserves. They could reduce their spending on driver subsidies and promotional discounts for riders, which have been significant cash drains. They could also explore new revenue streams, such as expanding into other transportation-related services or leveraging their technology for other applications. Additionally, they could seek to improve operational efficiency to reduce costs. Finally, they could consider raising additional capital through equity or debt financing, though this would likely dilute existing shareholders' equity.
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