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Lyft's growth is rocketing and the company is now doing a million rides a day

Uber's rival Lyft has hit a million rides a day.

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Lyft is continuing to make gains as its biggest rival Uber has stumbled since the start of the year.

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Lyft is now doing 1 million rides a day in the US, and is on track to hit an annualized run rate of 350 million rides.

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