Lyft has ‘more to lose’ than Uber if Californian ruling holds: Analyst

If Lyft and Uber in due course have to reclassify their drivers as employees, MKM Partners analyst Rohit Kulkarni says that Lyft has “uncountable to lose” given its greater exposure to California. He adds that the ride-hailing firms face increased regulatory chances as other states may follow suit with similar rulings.