Uber can’t be compared to Lyft because its business is spread across the world and it has more services to offer, according to Saudi Arabia’s sovereign wealth fund.

“Of course it’s a ride sharing company, but it’s a ride sharing company not only in the U.S. but all over the world”

Uber IPO

Shares of the ride-hail giant closed at $41.57, well under their IPO price of $45, for a market capitalization of $69.7 billion.

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Author: usinnews

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