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Uber and Lyft faced several challenges during their IPOs. One of the main issues was the high level of uncertainty and skepticism from investors about their business models and profitability. Both companies were not profitable at the time of their IPOs, which raised concerns about their long-term viability. Additionally, they faced regulatory challenges and pushback from the taxi industry. There were also issues related to their treatment of drivers as independent contractors, which led to protests and strikes around the time of the IPOs.
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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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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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