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.
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Lyft Details
Operating Status:Active
Business TypePrivate
HeadquartersSan Francisco, California, United States
Following the Q2 2020 earnings report, Lyft stock fell. On August 12, it closed 0.42% down, at $30.52 per share. In the pre-market trade today, it slightly declined.
Uber reported Q2 results including revenue that managed to beat analysts’ expectations but declined by 29% to $2.18 billion from $3.17 billion during the same period last year. Uber stock is down after hours.
Amazon.com Inc is finalizing its acquisition deal with robotic car company Zoox. The acquisition that is projected to be worth $1 billion is Amazon’s debut into car manufacturing. AMZN stock is up.
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