Uber rival Lyft taps ex-Obama adviser for board

Ride-hailing company and Uber's main rival Lyft has appointed Valerie Jarrett to its board of directors, according to a blog post on its site. Jarett was a senior advisor to President Obama. Lyft's backers include Rakuten Inc, Janus Capital Group, KKR, Baillie Gifford and the Public Sector Pension Investment Board.

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