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Congrats Lyft! Though for comparison sake, Uber just hit 10 billion rides this past July, lol
https://www.cnbc.com/2018/09/18/lyft-hits-1-billion-rides.html
Lyft hit 1 billion rides given today!
Posted 6 years, 3 months ago
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Posted By
Hank (himfu)
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Comments
HAHA I thought this seemed like so many till I read your comment. Did you know that one billion pennies stacked on top of each other would make a tower almost 870 miles high. Now you do!
I find it strange that they can tell exactly which ride is their billionth, I mean how accurate can that really be? Did the billionth rider get a prize?
This is a great question. It's all about the trend. My suspicion is NO, because the market is saturdated with Uber users. The world isn't the same anymore as it was several years ago when Uber was growing:
"But can Lyft accelerate this rate of growth? It took Uber six months after it reached 1 billion trips to double that number and then less than 12 months for it to get to 5 billion rides. Of course, these numbers are largely meaningless compared to more tangible metrics like gross bookings, revenue, and profit. And those numbers, well, they don’t look too promising."
Is this news? Who cares about the second place.