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Lyft Expects Slow and Steady Growth

Lift reporting mixed quarterly results. The company reported second quarter earnings just ahead of expectations revenue. Well, that's in line with what analysts predicted lift has been in a price war with rival Uber as both seek to recover after the pandemic lift pricing strategy has reduced per mile trip fares but plus has helped grow the number of active riders on the platform during the quarter. The company CEO says, quote, our customer obsession and focus on strong execution is really paying off.