Lyft designs, markets, and operates a mobile application that matches drivers with passengers who request rides.
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.
With the current outlook of the global industry, Lyft is giving a conservative projection for its future earnings as it is anticipating the full year of 2022 revenue growth that will be slower than the 36% achieved in 2021.
The newly appointed OpenSea CFO Brian Roberts puts some light on the company’s IPO plan. However, the OpenSea community feels dejected and abandoned as an IPO plan will most likely mean that there shall be no token airdrop.
Uber is collaborating with Hertz to supply Tesla electric vehicles to drivers ahead of an entire electric ride-hail fleet by 2023.
