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Lyft lost about $1.40 per ride last quarter (net loss -$248.9M on 178.4M rides). That's better than in 2017, when it lost $1.82 per ride. For context, Uber lost $1.13 per ride in 2017. pic.twitter.com/Qvp0Ph8PVK
— Rani Molla (@ranimolla) March 1, 2019
Lyft says it had 39% of the US market in 2018, up from 22% in 2017. Doesn't sound good for Uber.https://t.co/QVzFpj5hak
— Steve Kovach (@stevekovach) March 1, 2019
Lyft includes Apple as one of the autonomous vehicle threats. Guess Project Titan not dead after all:
— Alexei Oreskovic (@lexnfx) March 1, 2019
"There are also a number of companies developing autonomous vehicle technology that may compete with us in the future, including Alphabet (Waymo), Apple, Baidu, Uber and Zoox"
Interesting metric in the Lyft filing: "revenue per active rider"
— Biz Carson (@bizcarson) March 1, 2019
March 2016: $15.88/per rider
December 2018: $36.04/per riderhttps://t.co/IVNUm1ftl0
Lyft said it served 30.7 million riders in the US and Canada in 2018 and that it had 1.9 million drivers last year. It also handled more than 1 billion rides.
— Dara Kerr (@darakerr) March 1, 2019
lyft's interesting version of ARPU
— rat king (@MikeIsaac) March 1, 2019
regular ride-hailing customers are way more valuable than the average ad-scanning FB user pic.twitter.com/V7TBiUSSCM
Lyft drivers with at least 10,000 rides will have the option to get a cash bonus, which they can keep or use to buy stock in the company. https://t.co/QVzFpjmS1S
— Steve Kovach (@stevekovach) March 1, 2019
Lyft is going to spend at least $100 million a year with Amazon Web Services. Lyft committed to spend an aggregate of at least $300 million between January 2019 and December 2021 on AWS services. #cloud $AMZN https://t.co/8fNyMStpzC
— OM (@om) March 1, 2019
Uber's CEO congratulated Lyft on its IPO, calling it 'a big moment for ridesharing' https://t.co/FyMmGnfqB8
— Bloomberg (@business) March 1, 2019
Let the Great Tech Unicorn IPO Parade of 2019 begin!
— Mike Dudas (@mdudas) March 1, 2019
First up: @Lyft! This lovely beast would like to be valued at $20-25B after losing *only* $911M in 2018!
Step right up and buy your Unicorn ?https://t.co/nEUXsuvTii
I didn't think going out first mattered
— Jason ✨????????????✨ Lemkin ? (@jasonlk) March 1, 2019
But if you are ripping market share away from #1, seems pretty smart https://t.co/A6Mo7hSE5v
Lyft's CoR is about 55%, giving Lyft a gross margin of 45%.
— alex (Providence) (@alex) March 1, 2019
That's not software-levels, but it's also pretty Not Bad. Esp if it can juice a few more points out over the coming quarters.
Lyft has 39% of the U.S. ridesharing market
— melody hahm (@melodyhahm) March 1, 2019
- in Q4: 18.6 million active riders, 1.1 million drivers
revenue / net loss
2016: $343.3 million / $682.8 million
2017: $1.1 billion / $688.3 million
2018: $2.2 billion / $911.3 million
Loss of a company culture as a risk factor. It is good to see them put this right in their S-1. How much you wanna bet that @uber can't say the same. #lyft https://t.co/8fNyMStpzC pic.twitter.com/wOuyj4KyN8
— OM (@om) March 1, 2019
Lyft: "We believe that cities should be built for people, not cars." https://t.co/0xfhg3AdZb
— Roland Li (@rolandlisf) March 1, 2019
SF: Ride-hailing companies like Lyft and Uber accounted for half of increased congestion between 2010 to 2016 https://t.co/moXXBpwEo1 pic.twitter.com/1yB3x9hiHC
I know these metrics are heading in the right direction, but look at 2016 -- it's amazing to see a company literally having to purchase, and then some, every penny of revenue it made https://t.co/CSRwJZkdi8 pic.twitter.com/wwxLHkFrf2
— kadhim (＾ｰ^)ノ (@kadhimshubber) March 1, 2019
Lyft’s key stakeholders: Rakuten (13% pre-IPO stake), General Motors (7.76%), Fidelity (7.1%), Andreessen Horowitz (6.25%) and Alphabet (5.3%): https://t.co/AQyu18AILQ
— Kate Clark (@KateClarkTweets) March 1, 2019
Best thing about @Lyft IPO: hard numbers. Something like 30/rides per year per rider. https://t.co/5atPizkutR
— Stephen Shankland (@stshank) March 1, 2019
Lyft lost $911m on $2.1B last year, but revenues growing a lot faster than losses -- revs more than doubled, losses only up about 33%. https://t.co/r3IUH6CJ0Q
— Matt Rosoff (@MattRosoff) March 1, 2019
More stats from Lyft's filing:
— TicToc by Bloomberg (@tictoc) March 1, 2019
-Lyft had 30.7 million riders in 2018
-Lyft had 2018 revenue of $2.16 billion and losses of $911.3 million
-Lyft's total costs and expenses in 2018 were $3.13 billion pic.twitter.com/GhWWAU9ogn
This seems like very bad news for Uber: "Our U.S. ridesharing market share was 39% in December 2018, up from 22% in December 2016."
— Matt Rosoff (@MattRosoff) March 1, 2019
???Make no mistake: Lyft's Q4 of 2018 was good all around and extended the positive trends we've been documenting for many quarters—namely, spending less on ads as a percentage of revenue. $LYFT https://t.co/pry6A6c5lZ
— Amir Efrati (@amir) March 1, 2019
Lyft Dual Class has a pretty limited sunset. Converts only if founders own less than 20% of the stock they own now. Also if they die or become "totally disabled" whatever that means. Allows for transfers for estate planning. There is no automatic sunset after a period of yrs
— Steven D. Solomon (@stevendsolomon) March 1, 2019
Was Lyft’s S-1 written by JargonBot 1.0? pic.twitter.com/g4OJy70nLj
— Felix Salmon (@felixsalmon) March 1, 2019
Lyft goes with 20:1 voting rights! A service for the people! https://t.co/iu4BJ9oh0c pic.twitter.com/NW9FZ8AjIe
— Alison Griswold (@alisongriswold) March 1, 2019
What caused Lyft's revenue per rider to increase?
— Biz Carson (@bizcarson) March 1, 2019
Lyft specifically calls out Q1 and Q2 of 2017 as a time when its "brand and our values resonated with riders"
AKA - #DeleteUber campaign and company scandals did drive a noticeable lift in Lyft revenueshttps://t.co/TIhPuLuqBn
Lyft's voting structure gives its founders 20 votes for every vote held by a regular investor. Typically dual-class voting structures are more like 10-1https://t.co/QW5M44uXce via @Recode @teddyschleifer
— Rani Molla (@ranimolla) March 1, 2019
New from us: Lyft’s IPO filing shows how founders create their own supremacy in Silicon Valley. With @ranimolla: https://t.co/BkUyPQ8PLA
— Teddy Schleifer (@teddyschleifer) March 1, 2019
How will Lyft's founders remain in complete control even as a public company? They each will have 20 votes for every 1 vote of other investors https://t.co/XDE50FTQsn via @Recode
— Jason Del Rey (@DelRey) March 1, 2019
Lyft’s IPO filing shows how founders create their own supremacy in Silicon Valley https://t.co/skiZ5PgB3v pic.twitter.com/21Ll9KRZiu
— Recode (@Recode) March 1, 2019
리프트(Lyft)가 상장하면서 우수 드라이버들에게 현금보너스 및 주식옵션 제공: Directed Share Program(DSP)으로 IPO시 일정량을 공모가에 따로 떼어두는 일.
— Goodhyun 김국현 (@goodhyun) March 2, 2019
나의 현재를 지키기 위한 파업이 다른 누군가의 이런 미래를 앗아가기도 하는 것. https://t.co/Fic03CWhpl
Lyft’s co-founders, Logan Green and John Zimmer, own about 7% of the company’s stock, but they maintain close to majority control of the company thanks to a dual-class stock structure that awards them 20 votes for every one vote held by other investors. https://t.co/ckEs6YyWkI
— Samidha Sharma (@samidhas) March 2, 2019
Lyft’s two co-founders own about 7% of the company. But they maintain close to majority control thanks to a dual-class stock structure that awards them 20 votes for every one vote held by other investors. Typically dual-class structures have a 10-1 ratio https://t.co/V7N6EEgVsR
— Madhav Chanchani (@madhavchanchani) March 2, 2019
Lyft’s IPO filing shows how founders create their own supremacy in Silicon Valley: https://t.co/OTX27SwezU
— Recode (@Recode) March 2, 2019
An expert on shareholder governance says the Lyft founders' shares having 20x as much voting power as typical investors' is "pretty egregious."https://t.co/BkUyPQ8PLA
— Teddy Schleifer (@teddyschleifer) March 2, 2019
Lyft’s IPO filing shows how founders create their own supremacy in Silicon Valley https://t.co/GJk3237B28 via @Recode
— Shuly Galili (@shulygalili) March 2, 2019
Lyft創業者2人は合わせて7%のシェアだがデュアルクラスという仕組みにより過半数以上の議決権は持っていると。
— 阿部隼也 / Shunya Abe (@AbeShunyah) March 2, 2019
Lyft’s IPO filing shows how founders create their own supremacy in Silicon Valley https://t.co/W4aa5MqvoV @Recodeより