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Lyft Goes Global: FREENOW Acquisition Complete

1. Lyft's acquisition of FREENOW expands market opportunities to $300 billion. 2. The Lyft app recorded 4.6 million openings, showcasing strong user engagement.

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FAQ

Why Bullish?

The acquisition potentially doubles Lyft's addressable market. Similar previous acquisitions in tech have led to price surges.

How important is it?

The acquisition can significantly impact Lyft's growth trajectory and competitive positioning.

Why Long Term?

Market expansion will take time to reflect in financials; growth trends usually require sustained effort.

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UBERLYFTGRAB
SAN FRANCISCO & HAMBURG, Germany--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) today announced it has completed its acquisition of FREENOW, creating one of the top global multi-mobility apps. Lyft's purpose is to serve and connect. United by shared values and customer obsession, Lyft and FREENOW will join forces to seize the incredible opportunity of doubling Lyft's current addressable market to more than 300 billion personal vehicle trips per year. The Lyft app has been opened 4.6 million times.

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