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

April 15, 2020

Lyft launches food and medical supply delivery for agencies and orgs impacted by COVID-19.

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.

May 23, 2013

Lyft raises a $60,000,000 series C round from Andreessen Horowitz.

January 30, 2013

Lyft raises a $15,000,000 series B round from FLOODGATE, Forerunner Ventures, Ooga Labs, K9 Ventures, Founders Fund and Mayfield Fund.

2012

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

September 21, 2011

Lyft raises a $6,000,000 series A round from Mayfield Fund, K9 Ventures and FLOODGATE.

June 1, 2009

Lyft raises a $300,000 seed round.

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

Cynthia Rodriquez

Employee

Danilae Smith

Employee

David Sacks

Investor

Dayton Anderson

Employee

Devon Jerome

Employee

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Megan Rose Dickey
May 11, 2020
TechCrunch
Hundreds of Uber and Lyft drivers are staging a caravan protest at Uber's San Francisco headquarters to demand Uber comply with gig worker protections law AB-5, pay into the state's unemployment insurance fund and drop the ballot initiative it proposed along with Lyft and DoorDash that aims to keep gig workers classified as independent contractors. [...]
Connie Loizos
May 11, 2020
TechCrunch
We recently interviewed Jon McNeill to learn more about his newest project, a startup studio called DeltaV Ventures. But we also wanted to hear about what it's like to work inside of Tesla and Lyft. McNeill spent two-and-a-half years as the carmaker's president, heading up global sales, marketing, delivery and government relations before heading to [...]
Jim Dallke
May 6, 2020
AmericanInno
Charlotte nonprofits can now request a Lyft driver to deliver groceries, medical supplies and other items to low-income communities in Charlotte.
Kirsten Korosec
May 11, 2020
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hi and welcome back to The Station, I'm your host Kirsten Korosec, senior transportation reporter at TechCrunch. If you're interested in all the future and present ways people [...]
Kari Paul in San Francisco
May 8, 2020
the Guardian
Uber plans to lay off 3,700 workers as Lyft lays off 982 and furloughs 288. Photograph: Josh Edelson/AFP via Getty Images
May 6, 2020
Harvard Business Review
Youngme, Felix, and Mihir debate earnings reports from Apple, Facebook, and others, and discuss warning signs for Uber and Lyft.
Agencies
May 6, 2020
@bsindia
The company said the layoffs included its customer support and recruiting teams, and expects to incur about $20 million in costs for severance and related charges.
Reuters Editorial
May 6, 2020
U.S.
Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates its ride-hailing business.
Todd Prussman
May 5, 2020
Boston Herald
The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide.
Kate Conger
May 5, 2020
www.nytimes.com
The ride-hailing companies are accused of defying a new state law that says gig workers should be treated as employees.
Megan Rose Dickey
May 5, 2020
TechCrunch
Gig workers have become an essential part of our society during the COVID-19 global health crisis. But even before the pandemic, gig workers had become a staple in the lives of many people who use services like Uber, Lyft, Instacart, DoorDash and Postmates. Despite the growing presence of gig workers, little has been known about [...]
Kirsten Korosec
May 4, 2020
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every Saturday in your inbox. Hi readers. Welcome back to The Station, a weekly newsletter dedicated to the future (and present) of transportation. I'm your host Kirsten Korosec, senior transportation reporter at TechCrunch [...]
Natasha Mascarenhas
May 4, 2020
TechCrunch
Lyft has slimmed down its internship program from 12 weeks to eight weeks, cut some intern salaries by half and rescinded its housing stipend, TechCrunch has learned. The company confirmed that it has shortened the internship and that it only cut some intern salaries. It did not define which roles and departments were specifically affected. [...]
Shira Ovide
April 30, 2020
www.nytimes.com
Thank goodness for crummy video conferencing.
Megan Rose Dickey
April 30, 2020
TechCrunch
Lyft, which just had a massive round of layoffs where 982 people lost their jobs and 288 were furloughed, is also pumping the brakes on its scooter operations in a handful of cities. In an email sent to Oakland riders yesterday, Lyft said scooters would no longer be available, effectively immediately. "Thanks for riding our [...]
Reuters Editorial
April 29, 2020
U.S.
Lyft Inc plans to lay off 982 employees, or 17% of the ride-hailing firm's workforce, due to economic challenges caused by the coronavirus pandemic, the company said in a regulatory filing on Wednesday.
Connie Loizos
April 28, 2020
TechCrunch
Lyft's former COO Jon McNeill has had a fairly storied career as an operator. A Northwestern University economics major who worked at Bain & Co. out of college, he went on to start and sell five companies before being introduced in 2015 to Elon Musk by Sheryl Sandberg and spending 2.5 years as Tesla's president [...]
Kirsten Korosec
April 27, 2020
TechCrunch
Ben Horowitz, the co-founder and general partner of venture capital firm Andreessen Horowitz won't seek re-election to Lyft's board, according to a document filed with the U.S. Securities and Exchange Commission on Monday. Horowitz has served as a board of director at the ride-hailing company since June 2016. His venture firm, which he co-founded with [...]
Shira Ovide
April 21, 2020
www.nytimes.com
An economic and health crisis is exposing how vulnerable Uber workers really are.
Noam Scheiber
April 17, 2020
www.nytimes.com
California's move to aid gig workers may break federal rules. But the state said it had few options after the ride-hailing companies resisted other benefits.
SHOW MORE

References

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