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Lyft's Losses Continue, but Company Says They Will Abate
This article outlines the ebb and flow of Lyft's finances and how things have played out since they went public in March.
Key findings
Lyft said its revenue for the year would be better than it had expected, rising to a range of $3.47 billion to $3.5 billion.
Ride-hailing is a costly business because providers continually pay large sums to recruit drivers and passengers.
Marketing efforts have been cut in half this year and other spending has continued to be trimmed.
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