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Lyft
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Lyft to slow hiring, assess budget cuts
Ride-hailing firm Lyft Inc said on Tuesday it would slowdown hiring and assess budget cuts in some departments, joining rival Uber Technologies Inc in attempting to rein in costs.
Lyft's nice-guy strategy leaves it struggling to catch Uber in the U.S.
Uber steamrolled into the city, with its lobbyist telling the mayor that it would operate without his permission. Lyft stuck to the rules, patiently discussing policy and waiting for the city to pass regulations.