Lyft’s (LYFT) newly appointed Chief Executive Officer David Risher told Bloomberg in an interview that the company is not for sale. Risher said Lyft plans to focus on the core ride-sharing business and take on Uber (UBER) by lowering fares. "If you’re not price competitive you’re not in the game," Risher told Bloomberg. Lyft shares are down 3% to $9.29 in afternoon trading.
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