Barclays Report: Despite Weak IPOs, Uber And Lyft Can Be Profitable
PYMNTS
DECEMBER 10, 2019
A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. . Regulatory issues regarding ride-hailing around the world have also been a concern.
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