Lyft says its business got a major boost from Uber's extremely scandalous 2017

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Lyft is arguing its sense of 'social responsibility' differentiates it from its bigger and better-funded rival, Uber.

A sign at an anti-Uber protest, in the wake of its decision to continue operating during a taxi work stoppage.Lyft says the #DeleteUber campaign from 2017 gave a boost to its business.

In January 2017, the #DeleteUber social media urged people to delete their Uber accounts after the ride-hailing company wasThe hashtag spread like wildfire — and it now looks like it had a significant positive impact on Uber's key competitor, Lyft. — including that it had revenues of $2.15 billion for the 2018 fiscal year, up from $1.06 billion a year prior, with significant losses of $911.3 million in 2018, up from $688.3 million in 2017. It reportedly plans on going public at a valuation between $20 billion and $25 billion.

"The growth rate in Revenue per Active Rider increased significantly in the first and second quarters of 2017 as our brand and values continued to resonate with riders and they increased their usage of Lyft instead of competing offerings," the S-1 says. "In addition, our core values focus on authenticity, empathy and support for others and encourage our team members to take initiative. These values have given rise to a unique company culture that fosters an amazing community of drivers, riders and employees, and has helped establish Lyft as a widely-trusted and recognized brand. We believe many users are loyal to Lyft because of our values, brand and commitment to social responsibility.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

We moved our family business from Uber to Lyft because of the shtty culture at Uber

Shame on Uber from 🇵🇰 Pakistan too !!

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Lyft warns that the future of its business depends heavily on bikes and scootersLyft now owns bike share programs in some of the US largest cities, and hopes to expand it even further. World is turning its investment into sustainable environment. Hope all leaders adopts to it sooner.🙏🏻 Yeah because if the Green Deal goes through that’s all that will be left for transportation. Won’t even be able to use horses because they fart.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »