Lyft Is Said to Seek a Buyer, Without Success

It is not an easy thing to be an independent ride-hailing company these days.

For one, it takes billions of dollars and hundreds of employees to spread to new cities, to market the service and to recruit drivers. Legislators and local laws are often not in your favor. And competitors with deep pockets from all over the world are waiting to cheer if you happen to fail.

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TechImperia1253d ago

I'd be surprised if anyone in the industry buys out Lyft for more than $1 Billion.