Weekly Update #232: Time for Lyft Off?
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To say 2017 was tough for Uber would probably be an understatement. During a tumultuous 12 months, the company seemingly bounced from one scandal to another, lost key executives (including its CEO), faced a lawsuit from investors, became subject to a DOJ investigation...just to name a few. Uber remains the largest ride-hailing service globally; however, the giant’s woes appear to have opened the door for Lyft, it’s key rival, to shore up its own competitive position. Just how much? A Bloomberg article suggests quite a bit -- we note some key highlights from the startup’s 2017 below:
Funding Rounds Since Last Week
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