John Zimmer, president of Lyft, on the rivalry with Uber

Lyft’s US market share has risen from the low 20s at the beginning of this year, to 30 per cent, measured by the number of rides. Partly this was because of an Uber consumer boycott in January — the #DeleteUber campaign, sparked by Mr Kalanick’s role on an advisory council to President Trump — and partly because of heavy investment in marketing and subsidies by Lyft, which completed a $500m fundraising round in April. The company has been valued at $6.9bn.

Source: John Zimmer, president of Lyft, on the rivalry with Uber

About Mitch Ratcliffe

Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he’s published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.

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