div > div.group > p:first-child"> The second-most popular ride-hailing app is gearing up to list on the Nasdaq at the end of March. According to its regulatory filing, Lyft expects to be valued at $20 billion.
While it has benefited from a series of public relations and operational stumbles at its main competitor Uber, Lyft is"deftly maximizing the benefits by aggressively differentiating its brand/mission around socially-conscious values and corporate responsibility," White said. Lyft released its long-awaited IPO prospectus in early March, showing that much like Uber, it's losing money. The San Francisco-based company lost $911 million on $2.1 billion in revenue last year, according to the filing. Lyft expects sales to grow faster than its losses.
Does anybody read S-1 filings? Lyft compares themselves to Amazon/Facebook but sell no products or ads. Customer experience is their sole product. This is a pure $ grab before rep is damaged by a lack of transparency, regulation and quality controls similar to Uber
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