Lyft Profitable in Chicago, Los Angeles, CEO Green Says
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Lyft Inc. is profitable in larger U.S. cities, including Chicago, Los Angeles and San Francisco as the ride-sharing service presses to expand elsewhere, Chief Executive Officer Logan Green said.
Lyft raised $530 million this month from investors including the Japanese shopping company Rakuten Inc., after receiving $250 million last year in an investment round led by Alibaba Group Holding Ltd.