Lyft's strategy to compete with Uber on IPO - Reuters TV

Lyft's strategy to compete with Uber on IPO via ReutersTV

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Lyft founders plan to control company through supervoting shares ahead of IPOThe founders of Lyft Inc. are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, despite together owning a stake of less than 10%, making them the latest Silicon Valley entrepreneurs to secure outsize influence over a hot startup as it enters the public markets.
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Lyft Founders to Tighten Grip With Supervoting Shares in IPOJohn Zimmer and Logan Green are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, despite together owning a stake of less than 10%.
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Lyft is counting on Middle America as the key to beating Uber in the race to an IPOLyft is privately pitching investors on its quick growth in smaller markets as it prepares for an IPO.
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Uber is suing to block New York's cap on new ride-hailing vehiclesUber's lawsuit comes just weeks after Lyft sued to block a minimum wage rule for drivers.
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Uber steers around its Asian innovation conundrumAfter exits from China and Southeast Asia, the ride-hailing giant's eastern footprint hinges on India and promising spots, like Taiwan. Emerging market problems force a rapid pace of change. Safety buttons and a
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