Mitch Rubman's Coffee Cup Club

Mitch Rubman's Coffee Cup Club
Night Coffee

Thursday, August 20, 2020

Lyft takes a hike Los Angeles and NYC

NYC Tells Uber And Lyft To Take A Hike - Major changes coming to NYC - Is your city next?

You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time.

Lyft's key Q4 2019 results
In the fourth quarter of 2019, Lyft's revenue came in at $1.017 billion, a gain of 52% compared to its year-ago result of $669.5 million. Sticking to the growth side of things, the company's “active rider” count rose from 18.59 million to 22.91 million from Q4 2018 to Q4 2019, a gain of 23%


They've had several years to prepare for this, but they're suspending operations instead. Liberal corporations can't seem to agree with the Democratic politicians they lobby in. So what do they do instead?

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