- #USING LYFT RIDER APP DRIVERS#
- #USING LYFT RIDER APP ANDROID#
Lyft has spent $238.22 million on research and development by the end of March 2021. Lyft’s enterprise value as of December 2020 was $13.72 billion. 
The stock price for Lyft as of May 11, 2021, is $47.84 per share. To date, the company’s highest valuation is back in March 2019 at $26.5 billion. In May 2021, Lyft had a market capitalization of $16.1 billion. Lyft’s total assets dropped to $4.68 billion in 2020 from $5.69 billion in 2019. This may, in turn, be a crucial factor for Lyft’s pandemic recovery. It is important to note however that, despite this, Lyft still invests a considerable amount of resources in research and development, signaling that the company is continually improving its services. However, since the pandemic, the company has taken hits to its assets, overall value, and performance on the stock market. 
Lyft has enjoyed billions in revenue over the past few years. Meanwhile, 9% reported using only Lyft and 24% reported using only Uber. On the other hand, among ridesharing drivers, 66% use both Uber and Lyft.Meanwhile, 26% report exclusively using Lyft, and 60% report exclusively using Uber. Of all rideshare customers, only 13% used both Lyft and Uber.It only falls behind Uber ($24.2 billion), DiDi ($23.4 billion), and Grab ($7.3 billion). As of 2019, Lyft is the fourth most well-funded auto startup worldwide, receiving $4.9 billion.It comes next to Uber (37.2%) and DiDi (32.4%). Lyft accounts for 9.26% of the global market share of ride-hailing operators.
#USING LYFT RIDER APP DRIVERS#
However, in the US, Lyft takes a pretty large chunk of the total ride-hailing customers and drivers not only because of loyal users but also those who prefer leveraging both Lyft and Uber. The same goes for the company’s funding, even though it is still among the most well-funded startups worldwide. (Bloomberg Second Measure, 2021)Īs Lyft is not available in many regions, it has a significantly low global market share compared to its main competitor, Uber.
In 2019, Lyft pulled its scooter fleet from six US cities, primarily due to the lack of riders using the option.Lyft has the largest market share in Phoenix and Detroit at 45%.Lyft accounts for 32% of the ridesharing market in the US.Even at the height of the pandemic, the Lyft app was downloaded approximately 24 million times in 2020.This makes it a large contributor to the number of mobile app downloads to date.
#USING LYFT RIDER APP ANDROID#
Lyft’s monthly app downloads across both iOS and Android have reached 2,112,768 as of 2021. As of the time of writing, Lyft operates in 644 cities in the United States as well as 12 Canadian cities. Lyft is the second-largest ride-hailing platform in the US in terms of volume. Moreover, Lyft goes beyond ridesharing via cars as it also has fleets of scooters available in select US cities. The service also has a wide coverage, with most of its customers concentrated in Phoenix, Arizona and Detroit, Michigan. For one, it has a large share of users and falls only second to Uber. While Lyft has not expanded its reach beyond North America, it is still one of the largest platforms offering this service. Lyft is among the pioneers that set the ridesharing industry in motion, which has also increased the popularity of car rental software.
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