Lyft sinks to new low after Uber files to go public, highlighting Wall Street's competition concerns (LYFT)

Lyft shares fell on Friday after its chief rival, Uber, officially filed to go public the evening prior.
Cautious analysts covering Lyft have cited competition in the ride-hailing space as a fundamental concern about the stock.
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Lyft shares on Friday fell to their lowest level on record after rival Uber officially filed to go public the prior evening, underscoring a fundamental concern about competition Wall Street analysts have cited for weeks.
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