Lyft and Uber are the most popular ridesharing companies. Average trip costs for both Uber and Lyft are roughly similar. Lyft operates in 644 cities in the USA and Puerto Rico and 9 cities in Canada. It develops, markets, and operates the Lyft mobile app, offering car rides, scooters, a bicycle-sharing system, and a food delivery services.
Lyft stock price has had a lot of turmoil after its IPO. Lyft (NASDAQ:LYFT) had struggles. It was priced at $72 for its April 2019 IPO. Following this, the shares temporarily went up above $75 before falling lower to $50. The stock went back to $68 at some point, but a difficult 3rd quarter decreased Lyft down to $40. Then, the stock went back up to $48. Both Uber and Lyft are about 40% below post-IPO highs.
In the most recent quarter, Lyft reported 63% year-over-year revenue growth to $956 million.
Back in November, Lyft shares rose after Lyft agreed to partnership with Gett. Gett was previously known as GetTaxi. It is an Israeli on-demand mobility company that connects customers with transportation, goods and services. Customers can order a taxi or courier through the company's website. They can also use the company's GPS-based smartphone app.
That announcement also came the same day that Gett said it would be shutting down Juno. That is the ride-sharing company it acquired for $200 million in 2017 as its New York location.
Lyft as a company is focused on consumer transportation. It is focused on North America. It is focused on serving drivers and passengers. Lyft is in less countries than Uber.
Uber is in over 60 countries. Although, Uber didn't actually make it in to all of the USA states. At some point, Uber tried China and backed out of China.
Probably Uber will not acquire Lyft. That is an unlikely possibility.
Most analysts expect Uber stock and Lyft stock to perform similarly in the next year.
Lyft and Uber companies have had some safety issues. Newspaper articles exist about assaults on passengers. Customers are warned to exercise caution when using ridesharing companies.