Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between a pair of ride-hailing services: Lyft Inc. and Uber Technologies Inc.. The Case for Lyft This company began in 2012 as an app for Zimride, a long-distance carpooling service founded in 2007 by computer programmers Logan Green and John Zimmer, who sold Zimride to Enterprise Holdings in 2013 to focus on growing Lyft. The San Francisco-headquartered company grew over the years through its acquisitions in 2018 of the bicycle-sharing platform Motivate and augmented reality start-up Vision Labs and in 2020, the automobile advertising company Halo Cars. Lyft became the first ride-sharing company to go public via an IPO in March 2019, raising $2.34 billion. Among its most notable recent corporate developments were December’s news that Lyft drivers would be delivering restaurant food in a …
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