Ride-hailing and delivery operation Lyft (LYFT) has been aggressively pursuing the same market that ride-hailing and delivery operation Uber (UBER) has been chasing for some time now. Thus, when Lyft made some key announcements about upcoming plans, they seemed to be a lot like Uber's plans from just a few weeks prior. I'm somewhat bullish on Lyft because Uber can't be everywhere. If someone doesn't turn to Uber, it's a safe bet they'll turn to Lyft instead. The more Lyft looks like Uber, the better the chance that it will do about as well. The last 12 months for Lyft show the company could use some good news.
https://www.tipranks.com/news/article/lyft-plans-to-beat-uber-by-acting-like-uber?utm_source=advfn.com&utm_medium=referral