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Nouveau texte de la page, après la modification (new_wikitext) | Nov 8 (Reuters) - Lyft Inc shares sank 20% on Tuesday on signs that competition from bigger rival Uber was stalling user growth and eating into the market share of the ride-hailing firm.<br> At least 14 analysts slashed their price targets on Lyft by as much as $23 after its third-quarter results, in stark contrast to the warm reception Uber received after its bumper holiday-quarter forecast.<br> Active riders on Lyft's platform grew just 7.2% to 20.3 million in the July-September period, the slowest pace this year and a million below market expectations.<br><br>Uber, which controls a bigger chunk of the market, posted a 22% rise in active riders.<br> "We believe Uber has done a much better job at rebuilding driver supply, likely leaving Lyft with a structurally smaller share of the market than it had pre-pandemic," Atlantic Equities analyst James Cordwell said.<br> When rideshare ground to a halt during lockdowns, long-time market leader Uber's delivery business had given it an edge over pureplay Lyft.<br> "While we think Lyft will remain the second-largest ridehailing platform in the U.S., we are now assuming Uber will slightly increase its market share over Lyft during the next few years," Morningstar analyst Ali Mogharabi said.<br> Lyft's stock was at $11.51 in premarket trading.<br><br>It has lost more than two-thirds of its value this year, far more than Uber's 34% decline.<br> However, a cost-cutting drive should help ease some of the pressure and help boost Lyft's profitability, according to Daiwa Capital Markets analyst Jairam Nathan.<br> The company is betting on stronger ride demand and higher service fees to offset an expected increase in insurance-related costs for the current quarter.<br><br>It has also laid off employees to lower expenses.<br> Still, some analysts say they would rather own Uber given its scale, business model and [https://telecharger1win.com/ 1win partenaire] global presence.<br> (Reporting by Nivedita Balu in Bengaluru; Editing by Devika Syamnath)<br> |
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+Nov 8 (Reuters) - Lyft Inc shares sank 20% on Tuesday on signs that competition from bigger rival Uber was stalling user growth and eating into the market share of the ride-hailing firm.<br> At least 14 analysts slashed their price targets on Lyft by as much as $23 after its third-quarter results, in stark contrast to the warm reception Uber received after its bumper holiday-quarter forecast.<br> Active riders on Lyft's platform grew just 7.2% to 20.3 million in the July-September period, the slowest pace this year and a million below market expectations.<br><br>Uber, which controls a bigger chunk of the market, posted a 22% rise in active riders.<br> "We believe Uber has done a much better job at rebuilding driver supply, likely leaving Lyft with a structurally smaller share of the market than it had pre-pandemic," Atlantic Equities analyst James Cordwell said.<br> When rideshare ground to a halt during lockdowns, long-time market leader Uber's delivery business had given it an edge over pureplay Lyft.<br> "While we think Lyft will remain the second-largest ridehailing platform in the U.S., we are now assuming Uber will slightly increase its market share over Lyft during the next few years," Morningstar analyst Ali Mogharabi said.<br> Lyft's stock was at $11.51 in premarket trading.<br><br>It has lost more than two-thirds of its value this year, far more than Uber's 34% decline.<br> However, a cost-cutting drive should help ease some of the pressure and help boost Lyft's profitability, according to Daiwa Capital Markets analyst Jairam Nathan.<br> The company is betting on stronger ride demand and higher service fees to offset an expected increase in insurance-related costs for the current quarter.<br><br>It has also laid off employees to lower expenses.<br> Still, some analysts say they would rather own Uber given its scale, business model and [https://telecharger1win.com/ 1win partenaire] global presence.<br> (Reporting by Nivedita Balu in Bengaluru; Editing by Devika Syamnath)<br>
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Lignes ajoutées lors de la modification (added_lines) | Nov 8 (Reuters) - Lyft Inc shares sank 20% on Tuesday on signs that competition from bigger rival Uber was stalling user growth and eating into the market share of the ride-hailing firm.<br> At least 14 analysts slashed their price targets on Lyft by as much as $23 after its third-quarter results, in stark contrast to the warm reception Uber received after its bumper holiday-quarter forecast.<br> Active riders on Lyft's platform grew just 7.2% to 20.3 million in the July-September period, the slowest pace this year and a million below market expectations.<br><br>Uber, which controls a bigger chunk of the market, posted a 22% rise in active riders.<br> "We believe Uber has done a much better job at rebuilding driver supply, likely leaving Lyft with a structurally smaller share of the market than it had pre-pandemic," Atlantic Equities analyst James Cordwell said.<br> When rideshare ground to a halt during lockdowns, long-time market leader Uber's delivery business had given it an edge over pureplay Lyft.<br> "While we think Lyft will remain the second-largest ridehailing platform in the U.S., we are now assuming Uber will slightly increase its market share over Lyft during the next few years," Morningstar analyst Ali Mogharabi said.<br> Lyft's stock was at $11.51 in premarket trading.<br><br>It has lost more than two-thirds of its value this year, far more than Uber's 34% decline.<br> However, a cost-cutting drive should help ease some of the pressure and help boost Lyft's profitability, according to Daiwa Capital Markets analyst Jairam Nathan.<br> The company is betting on stronger ride demand and higher service fees to offset an expected increase in insurance-related costs for the current quarter.<br><br>It has also laid off employees to lower expenses.<br> Still, some analysts say they would rather own Uber given its scale, business model and [https://telecharger1win.com/ 1win partenaire] global presence.<br> (Reporting by Nivedita Balu in Bengaluru; Editing by Devika Syamnath)<br>
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