Investors are just starting to get to grips with the value of ride-sharing companies like Uber and Lyft, the CFO of Russia's Yandex said.
, despite ongoing concerns about their ability to generate a profit, the finance chief of one of Russia's biggest internet companies said.
That initial decline was on the back of concerns about a potential lack of profitability in ride hailing firms — Uber warned in its IPO filing that it may never become a profitable company. Abovsky said that the financials were a stepping stone in helping market watchers understand the differences between Uber and its domestic rival Lyft.
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