, its revenue for 2018 was more than four times that of Lyft at $11.4 billion, and though Uber’s adjusted losses fell 15% from the year before, they still hit $1.8 billion.
“Lyft is dwarfed by Uber, but it’s clearly growing and edging into Uber’s customer base,” Kennedy said. Based on the revenue figures revealed Friday and a potential market value of as much as $25 billion, Lyft’s valuation multiple could make it more expensive than tech heavyweights such as Snap, Facebook Inc. and Twitter Inc., according to data compiled by Bloomberg.
Source: News Formal (newsformal.com)
How is this -- ''redesign our cities around people, not cars' by drawing riders into its ride-hailing vehicles' -- not a contradiction, lyft/logangreen/johnzimmer
A ride-hailing company is a taxi service. If Lyft or Uber are not registered as taxis, they should not be on the streets. Uber is getting closed down and kicked out of countries because they refuse to be registered as a taxi & refuse to follow transport laws.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft IPO filing shows surging revenue, widening lossesLyft Inc inched closer to becoming the first ride-hailing company to make a stoc...
Source: Reuters - 🏆 2. / 97 Read more »
Lyft files for IPO, pulling ahead in its race with UberLyft filed for a U.S. initial public offering Friday, giving investors a first look at crucial financial information about the ride-hailing company. Leg up? My thoughts about that
Source: latimes - 🏆 11. / 82 Read more »
Lyft reveals big growth but no profits as it readies for IPOHow much profit has it ever made? I can't believe there's a market for a company that brings in over 2 billion dollars gross but spends nearly 3 billion to get there.
Source: ABC - 🏆 471. / 51 Read more »
Lyft files for IPO, beating Uber to the punchLyft just passed Uber in the race to go public, filing paperwork Friday to raise as much as $100 million in its IPO How much?
Source: CNN - 🏆 4. / 95 Read more »
Lyft IPO promises roads to everywhereThe firm is growing fast in a huge market, and there’s a glimmer of a path to profit. But Lyft is also hemorrhaging cash, faces frightful competition and is dependent on robo-cars arriving soon. Wall Street is along for the ride, but public investors will need strong stomachs.
Source: Breakingviews - 🏆 470. / 51 Read more »
Lyft outlines IPO plans that may pay big for some of its driversAs long as their service is banned in Canada...so taxpayers don't have to pay the 'taxi permit buybacks'. Weeks later the Post corrects the Covington kids fake news. I hope they are continuing the lawsuit against your tabloid paper. Hope it ruins you.
Source: washingtonpost - 🏆 95. / 72 Read more »
Lyft IPO: 5 things the ride-hailing company just revealedLyft Inc. appears poised to beat rival Uber Technologies Inc. to an initial public offering after filings its paperwork Friday, and that’s important for a number of reasons.
Source: MarketWatch - 🏆 3. / 97 Read more »
Lyft and Uber will let some drivers get stock at the IPO priceThe competing ride-hailing companies have worked out cash bonus programs which will allow some qualified drivers to buy company stock before it pops on the public markets, according to the Wall Street Journal. Time to become an Uber driver! Wow, them dumping on employees is article worthy?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lyft kicks off 2019 unicorn IPO spree with public S-1The countdown begins for Lyft's big IPO now that the company has officially filed its public S-1. Here's what was revealed in the filing.
Source: BusinessInsider - 🏆 729. / 51 Read more »