Uber Vs. Lyft

Popular Ride-sharing app Lyft (Pending:LYFT) has been attracting a lot of attention lately as the company continues to secure additional capital in its battle with industry pioneer Uber (Pending:UBER). Lyft intends to raise nearly $1B in its latest round of funding to close the wide gap between its now sole competitor Uber. Legendary investor Carl Icahn earlier in the year said that Lyft was significantly undervalued calling it a “tremendous bargain,” while Uber’s valuation could be overestimated at $62.5B. The latest round of funding is the next stage in the battle to emerge as a leader in this exciting industry. Continue here.