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What the Lyft IPO reveals about the rapidly changing driving habits of Americans

Ridesharing giant Lyft, which filed the prospectus for its initial public offering on Friday, has for the first time lifted the veil on the remarkable business model that it shares with bigger rival Uber.

If the data it has shared are a guide to the future, ride-sharing may be to the 21st Century what car ownership was to the 20th Century.

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Lyft says that just over half its riders use its service to commute to work, and 35% do not even own or lease their own vehicle.

Lyft says that just over half its riders use its service to commute to work, and 35% do not own or lease their own vehicle.

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