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Lyft cuts fares by 1 per cent, plans to add 100 new cities

San Francisco

LYFT Inc, the No 2 US ride-hailing company, plans to boost the number of cities it covers to 300 from 200 by the end of 2017 while cutting prices to attract more customers.

Neither Lyft nor top rival Uber Technologies Inc is making money in the United States as they...

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