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Uber and Lyft have established themselves as the leading ride-hailing services in the United States. Users summon rides via smartphone apps, which connect them with drivers who are often not professional taxi operators but regular individuals looking to earn extra income. However, while both companies dominate the ride-hailing market, their business models and operational structures showcase distinct differences.
Uber's Dominance and Expansion
Founded in 2009 and launching officially in 2010, Uber quickly emerged as the more prominent player in ride-hailing, leveraging its first-mover advantage. The company's extensive global footprint and diverse offerings, including delivery services like UberEATS, exhibit its aim to expand beyond traditional ride-hailing.