1749 ET [Dow Jones]--Lyft's acquisition of taxi-hailing app Freenow adds a notable new competitor for Uber in Europe, D.A. Davidson analysts say in a research note. The analysts say it's unclear how Freenow's revenue breaks down by country, but 75% of the cities it currently operates in are located in Germany and Poland, according to the company's website. The most important dynamic for Uber investors, though, is whether Lyft can help Freenow gain share in Uber's key market in the UK, the analysts say. They say Freenow appears to currently operate in 10 different cities in the UK. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 16, 2025 17:54 ET (21:54 GMT)
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