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Uber's global presence allows it to reach a larger customer base and generate more revenue. However, it also exposes the company to more regulatory scrutiny and competition in different markets. On the other hand, Lyft's regional focus allows it to concentrate its resources and understand its market better, but it limits its potential customer base and growth opportunities.
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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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Use our Timeline Template Collection to visualize and track business processes. Timelines keep projects on track, provide context, and set expectation...
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