Lyft's disappointing debut occupies an important place in Uber's impending mega-IPO



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Uber Technologies Inc., which is gearing up for its historic IPO this week, has taken steps to avoid setbacks that have disappointed the start of its carpool rival, Lyft Inc.

Among other things, Uber has reduced its valuation and is now targeting between $ 80 and $ 90 billion. This is because Lyft's shares have fallen more than 20% from their peak on the day of their trading in March.

Uber …

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