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Lyft now worth twice what it was last year

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Ride-hailing service Lyft is now worth $15.1 billion, twice what it was last year.

The company announced yesterday it raised another $600 million in a funding round led by Fidelity Investments.

Lyft competitor Uber remains the dominant player in the ride-hailing industry, with a valuation of $62 billion.

Read more from CNNTech.

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