Articles tagged “lyft”

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Lyft Expected to Reveal a $2 Billion IPO Plan Anytime Now

Lyft Expected to Reveal a $2 Billion IPO Plan Anytime Now

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft aims for a market valuation of $20 billion to $25 billion, which will make its offering the biggest from a technology upstart since Snap’s IPO two years ago.

6 months ago

Lyft Aims to Reward Loyal Drivers While Going Public

Lyft Aims to Reward Loyal Drivers While Going Public

Krista Gmelich, Bloomberg

One of Lyft's major risk factors is the possibility of its drivers bailing to another competing service for some reason. This move will generate goodwill with the company's most loyal drivers, and others who are willing to buy into Lyft's long-term future.

7 months ago

Lyft Readies to Go Public Before Rival Uber

Lyft Readies to Go Public Before Rival Uber

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft's core focus was on growing in the U.S. while Uber jockeyed for global dominance. It didn't quite work out for Uber, and Lyft is now likely to beat it to the punch as a public company even though both are still losing money.

7 months ago

How Much Longer Can Lyft Maintain Its Friendly Image?

How Much Longer Can Lyft Maintain Its Friendly Image?

Eric Newcomer, Bloomberg

Lyft has earned a reputation for being the nice guy, but that can't last long if it wants to be number one in a cutthroat industry.

8 months ago

Where Do Government Employees Go When They’re Not Being Paid? Uber and Lyft.

Where Do Government Employees Go When They’re Not Being Paid? Uber and Lyft.

Carlyann Edwards, Bloomberg

This is now the second paycheck government workers have missed, thanks to the ongoing political stalemate. More and more employees are having to swap their supposedly steady jobs with work in the gig economy.

8 months ago

How Lyft Tries to Hook Biz Travelers

How Lyft Tries to Hook Biz Travelers

Andrew Sheivachman, Skift

Lyft wants to become a bigger part of business travel life by offering rewards and more flexible transportation options. And if they start using Lyft in their personal lives as well, that's a big bonus.

8 months ago

Business Travel Mobility Becomes Focus for Lyft

Business Travel Mobility Becomes Focus for Lyft

Andrew Sheivachman, Skift

As ridesharing platforms mature, they'll offer more options for getting around than just car rides. And they're hoping to capture more spending from business travelers, as well.

8 months ago

Lyft’s Focus Stands in Contrast to Uber’s Ambition

Lyft’s Focus Stands in Contrast to Uber’s Ambition

Eric Newcomer, Bloomberg

It's sometimes lost in the Uber debate that the strongest companies in the world don't try to do everything at once on a global basis. The financial case for investing in a focused and nimble operation tends to be much stronger even if the headlines aren't as sexy.

9 months ago

Uber Takes a Step Closer to IPO

Uber Takes a Step Closer to IPO

Eric Newcomer, Bloomberg

The pieces are falling into place as the year comes to a close with Uber reportedly filing the paperwork for an IPO, promising to make 2019 one exciting year for ridesharing services. Who will win the race to the public markets — Uber or archrival Lyft? Or will increasing volatility in stocks slam on the brakes for those plans?

9 months ago

Lyft’s Long-Awaited IPO Is Coming Soon

Lyft’s Long-Awaited IPO Is Coming Soon

Giles Turner and Elizabeth Fournier, Bloomberg

Lyft has beat Uber to the punch, filing confidentially for an initial public offering. It turns out Lyft's focus on the U.S. at the expense of explosive international growth may pay off. The company is still losing money, though, which could worry potential investors.

9 months ago

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Q&A: Lyft’s Omar Ghani on Creating Smarter Travel Policies for a Culture-First Company with TripActions

Q&A: Lyft’s Omar Ghani on Creating Smarter Travel Policies for a Culture-First Company with TripActions

TripActions + Skift

Silicon Valley and the sharing economy have helped drive a rapid reorganization of business culture and employee travel habits. Yet not all travel management solutions have kept pace with the changes. The decisions facing Lyft as it overhauled its own travel policy are a great example of the dynamic playing out in boardrooms across the globe.

10 months ago

Game On: Lyft and Uber Launch Loyalty Programs

Game On: Lyft and Uber Launch Loyalty Programs

Grant Martin, Skift

Ridesharing and homesharing services have been long overdue for loyalty program launches. Now, both Lyft and Uber are offering at least limited options.

10 months ago