Lyft

Lyft Shares Plunge on Second Day of Trading

Lyft shares plunged Monday in just its second day of trading. The second-leading ridesharing company saw shares drop over 11% in Monday morning trading to around $69. This number is below Lyft’s IPO opening price Friday of $72 per share. On Friday, Lyft stock closed up 8% and traded high as $88.50. The stock began […]

Lyft News

Lyft to Pay Bonuses to Prolific Drivers

SAN FRANCISCO — Lyft plans to offer cash bonuses to the most prolific drivers on its network. The ridesharing company, in connection with its milestone year when its expected to go public, will be paying bonuses to the most dedicated drivers on its platform as recognition for their contributions to its success. Lyft said it […]

Lyft News

Lyft Gives a Lift to IPO

Lyft has filed its S-1 form with the Securities and Exchange Commission to go public later this year and the document is filled with insight into the second-largest ridesharing company in the nation. Lyft reported revenue was $343.3 million, $1.1 billion and $2.2 billion in 2016, 2017 and 2018, respectively, representing year-over-year growth of 209% […]

Lyft News

Lyft Launches Subscription Ride Plan

Lyft, the second-largest ride sharing company in the U.S., has launched the All-Access Plan: a subscription where passengers pay upfront every 30 days to lock in a set price for their rides. With an All-Access Plan, you get 30 rides (up to $15 each) when you pay one price of $299 every 30 days. Essentially, […]

Lyft News

Lyft Valued at $15.1 Billion

Lyft says it has raised $600 million in new financing led by mutual fund giant Fidelity Management & Research Company. The funding round gives ride-sharing company Lyft a valuation of $15.1 billion. Also Joining Fidelity in this capital raise is Senator Investment Group LP. Rival Uber remains the leading ride-sharing company with a valuation north […]

Lyft News

Lyft to Offer Self-Driving Rides in Vegas

  SAN FRANCISCO — Ride-sharing service Lyft plans to introduce self-driving cars to techies during the Consumer Electronics Show in Las Vegas next week through a partnership with Aptiv. The companies plan to demonstrate a first-of-its-kind fully automated point-to-point ride-hailing experience during CES from January 9 to 12. “This partnership represents a real-life application of scalable, automated […]

Lyft

Delta to Offer Points for Lyft Users

  Delta Airlines is partnering with rideshare company Lyft to offer its SkyMiles members more opportunities to earn miles for doing something they can do every day – requesting a ride. Delta SkyMiles members can now earn miles for every Lyft ride, and for a limited time, earn bonus miles during their travel for rides […]

Lyft

Lyft Confirms $600 Million Investment

  Ride-sharing service Lyft has announced the close of $600 million in a Series G round, giving the company a valuation of $7.5 billion. Existing investors Rakuten and Janus Capital participated, along with new investors AllianceBernstein, Baillie Gifford, KKR, and Canada’s Public Sector Pension Investment Board (PSP). Lyft has added service to 131 cities in […]

Lyft

Lyft Expands in 54 Cities Across U.S.

  Lyft, the nation’s second-largest ride sharing service, has announced its largest launch to date, rolling out the welcome mat to 54 new cities today. The move is part of Lyft’s massive expansion this year, which we kicked off with a 40-city launch just one month ago. Now, millions more people across the US have […]

Lyft News

Lyft Hires Google Maps Engineer

  Ride-sharing service Lyft has hired former Google engineer Luc Vincent as Vice President of Engineering. Luc will be leading Lyft’s Mapping and Marketplace engineering efforts, ensuring that the real-time transportation network continues to provide the best possible experience for millions of  passengers and drivers through dispatch, matching, pricing, and mapping innovation. At Google, Luc […]

Lyft

Lyft Launches Massive Expansion

Lyft, the nation’s second-largest ridesharing service behind Uber, is launching a massive expansion to add 100 cities this year. Lyft will soon offer its service to 300 cities, reaching 231 million people nationwide — about 72% of the country. Bloomberg reports that Lyft has cut service prices by 1% this week and considering plans to expand internationally. So far, Lyft […]

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Lyft Launching Premier Service

  Lyft, the nation’s second-largest ridesharing service, is introducing a luxury level called Lyft Premier. Lyft Premier adds a little luxury to your ride and was requested by many passengers who wanted a nicer car for nights out or business trips. With Lyft Premiere, you’ll be matched with a high-end sedan or SUV like a […]

Lyft

Lyft Partners With Ascension Health System

  ST. LOUIS — Ascension, the largest non-profit health system in the nation — has partnered with Lyft to make non-emergency transportation services available to patients. The agreement will provide an additional resource for Ascension’s most vulnerable patients by making available convenient and reliable transportation for those it serves at an affordable cost. Once the […]

Lyft

MTC to Partner With Lyft on Carpooling Program

OAKLAND — The Metropolitan Transportation Commission (MTC) announced that its 511 Rideshare program is partnering with Lyft to launch a new carpooling option for Bay Area commuters. This partnership will bring together Lyft’s peer-to-peer ridesharing platform and MTC’s established efforts to promote carpooling to make it easier for Bay Area residents to share rides. Lyft’s new […]