About Lyft

Lyft, Inc. is a transportation network company (TNC) based in San Francisco, California and operating in 640 cities in the United States and 9 cities in Canada. It develops, markets, and operates the Lyft mobile app, offering car rides, scooters, and a bicycle-sharing system.

Lyft is the second-largest TNC with a 30% market share in the United States, according to Second Measure.

Most jurisdictions regulate TNCs and TNCs are banned from operating in some jurisdictions. For more information, see Legality of TNCs by jurisdiction.

Lyft Details
Operating Status: Active
Business Type: Private
Founded: 2012
Headquarters: San Francisco, California, United States
CEO: Logan Green
Founders: Logan Green, John Zimmer
Lyft News
There Are Many Requests from Interested Members, said Libra Association Director
September 13th, 2019

The Libra Association director granted an interview with a French news firm where he gave a bit more insight into the progress made so far including that the Libra will launch by the second half of 2020 with many members as well.

Voyage Pulls in $31 Million Funding Aimed at Deploying More Self-Driving Taxis
September 13th, 2019

Self-driving car company, Voyage, has pulled in additional funding in a Series B round. The CEO has said that the funds will be directed not only at increasing the company’s staff strength, but also the quality of its service.

Could Uber Soon Offer Loans to Its Drivers?
September 9th, 2019

Uber recently sent out an in-app survey to some drivers that indicated the company is starting to build a “new financial product” designed to help Uber drivers “in a time of need.”

Uber and Lyft Stocks Hit New Lows Amid Fears of California Bill
September 4th, 2019

California’s state Senate is set to vote on Assembly Bill 5 that, if passed, could be financially ruinous for Uber and Lyft, which stock is already experiencing hard times.

Lyft Stake Didn’t Help Rakuten’s Results This Quarter
August 10th, 2019

Rakuten Inc. reported an unexpected quarterly loss, hit by the depressed value of its investment in ride-hailing firm Lyft Inc. and heavy spending on a new wireless service.

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Roobee Announces Third IEO for AI and Blockchain Investment Platform

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Nissan Introduces a New Crossover EV, Is Tesla Threatened?

Nissan previewed its new EV to the car industry that is said to have a 300-mile range. Experts say that this puts other car manufacturers on thin ice, especially Tesla.

Fintech Northmill Gets Banking License: Should Revolut, N26, and Others Be Worried?

Northmill, a Swedish fintech company, has received an SFSA (Swedish Financial Supervisory Authority) approval to receive a banking license. Experts are speculating that other competitors in this field such as Revolut and N26 should be worried.

Over Twenty Central Banks to Discuss Facebook’s Libra With the Libra Association

In some relief to the Libra Association, officials from 26 central banks will be quizzing Facebook on the scope, scale, and implementation of the Libra project.