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The Lyft IPO
Acquired
Uber and Lyft: The Winner Take All
Uber had raised 30 times the capital as Lyft, which was the next best capitalized competitor. Uber is more famous for ordering rides and then canceling them on competitors platforms just to get a good price. A year later, very quickly an eternity in this market, but very quickly and absolute time. "There's no point in investing in anybody except Uber right now," says Peter Thiel.
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