Lyft: Giant hopes, giant losses

The smartest insight and analysis on the ride-hailing company, rounded up from around the web

A Lyft driver.
(Image credit: Kelly Sullivan/Getty Images for Lyft)

The smartest insight and analysis, from all perspectives, rounded up from around the web:

Lyft has taken the lead in the race against its bigger ride-hailing rival, Uber, to go public, said Maureen ­Farrell at The Wall Street Journal. By unveiling the prospectus for its initial public offering last week, the 7-year-old startup finally gave investors a chance to see "just how burgeoning the business of ride-hailing apps has become." Lyft's growth is eye-catching. Revenues leaped to $2.16 billion in 2018 from $1.06 billion the year before, and the company says its share of the American market grew to 39 ­percent — gaining ground on Uber, which is more focused on growth outside the U.S. Lyft's total market value after an IPO is widely expected to exceed the $15 billion value investors put on the company in its last private round of financing, though it would still be a fraction of Uber's projected valuation.

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