Lyft is on track to turn a profit, but will need to spend more to add riders and drivers as it expands – Recode


Recode
Lyft, the ride-hailing service that’s been a perennial runner-up to Uber, is on track to be profitable by next year, according to its financial performance. A bullish report in The Information revealed that in 2016 the startup lost $600 million on $700 …
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