Uber and Lyft's IPOs have had a significant impact on the ride-sharing industry. They have brought a lot of attention to the sector and have helped to legitimize it in the eyes of investors. This has led to increased investment in other ride-sharing companies and has spurred innovation in the industry. However, the IPOs have also highlighted the financial challenges that these companies face, including high operating costs and regulatory hurdles. This has led to increased scrutiny of the business models of ride-sharing companies.
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