Y Combinator’s Garry Tan Goes to the MatRead more

Briefing
uber/lyft

Lyft Ride Business Now Down About 70% From Last Year

By
Amir Efrati
· · Source: The Information

Lyft appears to have recovered from the worst of the decline in ride-hailing. Ride volumes are now down 70% compared to the same time a year ago, a slight improvement from the middle of April when rides were down around 75% compared to the same time a year ago, the company said Wednesday amid its first-quarter earnings report. Lyft is now handling about 500,000 rides per day. Before Covid-19...

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