Lyft operates an on-demand ride-sharing platform. It was founded in 2012 and is based in San Francisco, California. The company offers a range of ride options including standard rides, carpool rides, bike and scooter rentals, and luxury rides. The Lyft app allows users to easily request rides and track the progress of their driver in real-time. The platform is designed to be user-friendly, with features such as an estimated time of arrival and fare estimate before a ride is requested. Lyft also emphasizes its focus on safety, with features such as in-app emergency assistance and the ability for users to share their ride details with friends and family. Lyft has grown quickly since its launch and has expanded to serve over 700 cities across the United States and Canada. The company has also invested in developing new products, such as its bike and scooter rental service, as it seeks to become a leader in the wider transportation industry.
as of February 10, 2023
Down 35% today and from a tech perspective it might look cheap. I just don’t think there’s a lot of value in owning a ride sharing company unless it’s really pouring out cash. Lyft spends too much on R&D and SG&A costs to really be that valuable right now. Anyone buying is just speculating that another fool will come along and buy at a higher price after the dust settles on this down day. There is really just one option for most people: UBER. And while UBER is priced at $70 billion, Lyft trades in the $5 billion range once you subtract the company’s net cash position. There are a lot better options for $5 billion.