The peer-to-peer transportation (aka "ridesharing") industry has become increasingly crowded. In the U.S., companies have entered the market to disrupt the business historically serviced by taxis and private car services. Uber, Lyft, and global peers have proven that these new firms and services are here to stay. The industry has started to mature, and its members are beginning to differentiate themselves in new and different ways.
Wired wrote in a January 2015 article that, in a world where "it's hard not to think of Uber as a goliath...Lyft is David." That being said, Lyft standing out in ways beyond its trademark pink mustache symbol.
Lyft was started in 2012 with the mission of building a peer-to-peer transportation solution that would help make cities safer, more affordable and better connected. At its core, Lyft is a peer-to-peer transportation platform that connects passengers who need rides with drivers willing to provide rides using their own personal vehicles.
As of October 2016, Lyft operates in 37 states across the U.S. as well as, through its partnership with Grab, six countries in Southeast Asia.
Today, Lyft is positioning itself to help lead what co-founder and President John Zimmer calls "The Third Transportation Revolution" in a September 2016 Medium post.
*Based on Preferred Stock Price, Lyft does not have a stock symbol since it is currently private and is yet to have an IPO.
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