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Lyft Wants Another Billion Dollars

Lyft reportedly wants to raise another billion dollars from investors to fight back against Uber's strangle hold on the ride sharing market. Lyft's planned round includes a "ratchet," an investor protection that kicks in if Lyft goes public at a lower valuation. http://recode.net/2015/12/21/lyft-wants-another-billion-to-try-to-fight-off-uber/ #tech

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