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Lyft is now valued at over $15 B

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cheesehead
489 Driver Rider
 Posted 12 months ago

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They're coming for you Uber...

This year Lyft is on a pace to record $7.7 billion in gross bookings, the amount it takes in before paying out drivers, according to The Wall Street Journal. Uber, by comparison, had $37 billion in gross bookings last year. Earlier this year, Uber raised $1.25 billion from Japanese tech giant SoftBank, and is reportedly eyeing an IPO in the latter half of 2019.

https://www.theverge.com/2018/6/27/17510350/lyft-value-15-billion-funding-round

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    GeorgeCCromwell
    129
     12 months ago

    I never know what these numbers mean.  Call me unschooled but they all sounds like something pulled out of nowhere.

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    centurion
    31
     12 months ago

    Amazing how none of these guys can turn a profit, yet are worth billions. Amazing.

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    ant
    122 Rider
     12 months ago

    I'm kind of amazed at how small they are compared to Uber actually. 7.7B in gross bookings vs. 37B? I thought Lyft was getting much closer to Uber.

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      dancingdiary
      39
       12 months ago

      I actually thought the opposite, especially when you consider that Uber is GLOBAL. Lyft is just US/some Canada. Pretty impressive on Lyft's part actually.

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      dShaperoMDM
      106
       12 months ago

      Isn't this in line with the market share figure Lyft announced earlier this year?  I think it's darn impressive.

      I don't even know where all these people are taking Lyft, because if you asked 10 people on the streets the option they use, I suspect 8 or 9 would say Uber.

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        FuegoJuno
        110
         12 months ago

        So 1~2 out of 10 would say Lyft.  That's 1.5 Lyft vs 8.5 Uber, which is in line with 7.7 vs 37.7

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    kias_revenge
    131 Rider
     12 months ago

    Go Lyft!!!