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The advantages of Lyft's regional focus include a deeper penetration in the US market, as it is available in more US cities than Uber. This could potentially lead to a stronger brand recognition and customer loyalty within these regions. However, the disadvantage is that Lyft's growth potential is limited compared to Uber, which operates globally. By focusing only on the US and Canada, Lyft is missing out on potential markets and revenue opportunities in other parts of the world.
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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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