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Lyft to begin dispatching taxis to cut down on wait times, Bloomberg says

Lyft (LYFT) will start dispatching standard taxis to some riders in the U.S. starting next month as the company works to compete against Uber (UBER), Natalie Lung of Bloomberg reports. The rollout will start in St. Louis on May 5 for riders who have opted in to taxis as an alternative to gig drivers.

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