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Lyft

Lyft

Lyft is an American transportation network company. It designs, markets and operates a mobile application for matching drivers with passengers.

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Timeline

August 7, 2019

Lyft announces a revenue rising range of $3.47 billion to $3.5 billion in 2019.

May 7, 2019

Anyone with the Lyft app in the Phoenix area can summon one of the 10 self-driving Waymo cars that will join the ride-hailing service by end of September.

March 29, 2019

Initial public offering

Lyft began trading on the Nasdaq under the ticker symbol LYFT, priced at $72 a share. The company raised over $2.3 billion in its initial public offering.

November 2018

In November 2018, Lyft bought Motivate, the largest bike-share company in the United States.

June 2018

Lyft receives in $600 million in funding

Investors include Fidelity Research & Management, AllianceBernstein, Baillie Gifford, KKR, CapitalG, Rakuten and others.

2012

Lyft launches in 2012 and is led by its founders, Logan Green and John Zimmer.

People

Name
Role
LinkedIn

Adebimpe Oyeyemi

Employee



AF Square

Investor



Alex Aguilera

Employee



Amy Zuckerman

Employee



Andrea Long

Employee



Anh Tran

Employee



Ann Miura Ko

Investor



AnnaRose Hughes

Employee



Ben Greenberg

Employee



Benjamin Ling

Investor



Boris Korsunsky

Employee



Brandon Ice

Employee



Brian Garza

Employee



Caleb Sayre

Employee



Chris Arenas

Employee



Chris Grant

Employee



Chris Lambert

Employee



Chris Pouliot

Employee



Colin Frolich

Employee



Cory Jones

Employee



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Further reading

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Type
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Documentaries, videos and podcasts

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Date
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Companies

Company
CEO
Location
Products/Services
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News

Title
Author
Date
Publisher
Description
Alex Wilhelm
March 27, 2020
TechCrunch
We're wrapping the week with Lime, scooters and the divergence between Uber and Lyft and their two-wheeled rivals.
Tina Bellon
March 25, 2020
U.S.
As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours.
Noam Scheiber
March 25, 2020
www.nytimes.com
States like New York and California have made gig workers eligible for jobless benefits and sick days. But the companies have resisted complying.
Alex Wilhelm
March 23, 2020
TechCrunch
The stock market's movements in recent weeks have often felt like unified action. When one American index fell, the others were generally right there with it, rising and falling in concert. Today wasn't like that. Indeed, in regular trading today the Dow Jones Industrial Average (DJIA) was down sharply. The S&P 500 dipped a little [...]
Aarian Marshall
March 22, 2020
Wired
Coronavirus fears lead the big automakers--including a stubborn Tesla--to suspend operations, while airlines are hauling more goods, fewer people.
Alex Wilhelm
March 20, 2020
TechCrunch
This morning let's unpack what Uber said and ask if it's reasonable that investors are pushing Lyft higher alongside Uber.
By Jonathan Chadwick For Mailonline
March 18, 2020
Mail Online
Uber has suspended its Pool service, which lets users share a ride with strangers who are travelling in the same direction, in London to help prevent the spread of coronavirus.
Kate Conger, Adam Satariano and Mike Isaac
March 18, 2020
www.nytimes.com
Gig companies promoted their flexible hours as an economic lifeline for workers. In the coronavirus outbreak, it has been anything but.
Brian Heater
March 16, 2020
TechCrunch
The ongoing COVID-19 crisis is going to prove a major test of the gig economy. Already an ever-increasingly important part of our daily lives, grocery and food delivery services along with ride-hailing apps are going to play a fundamental role in helping individuals enact government-recommended social distancing. More often than not, however, these workers get [...]
Alex Wilhelm
March 12, 2020
TechCrunch
Let's run through each company's most recent profit forecasts, results, share price gains and losses, and what investors are telling the world through their recent selloff.
Aarian Marshall, Gregory Barber
March 11, 2020
Wired
Drivers for Uber and Lyft in Seattle say demand for rides has plummeted, and they have few workplace benefits to fall back on.
Johana Bhuiyan
March 7, 2020
Los Angeles Times
Sen. Mark Warner (D-Va.) is asking gig economy companies including Uber, Lyft, Postmates, Grubhub and Instacart to alleviate some of the potential financial burden the contractors working for these platforms may face during the ongoing coronavirus outbreak.
Megan Rose Dickey
March 6, 2020
TechCrunch
While some gig economy companies have already taken steps to try to prevent the spread of COVID-19 among its workers, Sen. Mark Warner (VA) is encouraging them to go further and consider ensuring workers don't face financial consequences as a result of the virus. "I strongly urge that you attempt to address the potential financial [...]
Natasha Mascarenhas
March 5, 2020
TechCrunch
Ridesharing company Lyft has advised its San Francisco employees to go home after learning one staff member was in contact with someone exposed to coronavirus, or COVID-19. The team member has not exhibited any symptoms and is in touch with medical professionals, Lyft spokesperson Alexandra LaManna told TechCrunch. "We are basing every step of our [...]
Kirsten Korosec
March 2, 2020
TechCrunch
TC Sessions: Mobility is back in San Jose on May 14, and we're excited to give the first peek of what and who is coming to the main stage. We're not revealing everything just yet, but already this agenda highlights some of the best and brightest minds in autonomous vehicles, electrification and shared mobility. We've [...]
Stephanie Mlot
February 26, 2020
Geek.com
Ride-hailing services, already drowning in sexual assault allegations, now have another strike against them. A new report by the Union of Concerned Scientists (UCS) highlights the negative impact of platforms like Uber and ...
Michael Hiltzik
February 21, 2020
Los Angeles Times
Uber and Lyft bring plenty of drawbacks to cities, but solutions aren't easy to find.
Jordan Crook
February 18, 2020
TechCrunch
TC Early Stage SF goes down on April 28, and we are getting pretty damn excited about it! The show will bring together 50+ experts across startup core competencies, such as fundraising, operations and marketing. We'll hear from VCs on how to create the perfect pitch deck and how to identify the right investors for [...]
Tina Bellon
February 11, 2020
U.S.
Lyft Inc on Tuesday reported record quarterly revenue of more than $1 billion, but the ride-hailing company forecast slower growth in the new year as ridership growth stagnated in the second half of 2019, sending shares down.
Kirsten Korosec
February 11, 2020
TechCrunch
What started out as a temporary pilot project to test a robotaxi service in Las Vegas has turned into a multi-year partnership between self-driving software company Aptiv and Lyft and a new milestone that suggests the operation is ramping up. The companies announced Tuesday that they've given 100,000 paid rides in Aptiv's self-driving vehicles via [...]
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References