From CNET: Lyft went from Uber's smaller and less-familiar rival to solid competitor in the US last year.
Growing at a rapid rate, the San Francisco-based ride-hailing company provided passengers with 375.5 million trips in 2017. The increase marked a 130 percent rise in the number of rides from the previous year.
The jump coincided with an approximate doubling of both passengers and drivers. Lyft released these numbers Tuesday in its annual Economic Impact Report.
"We came into the year with a very clear plan and mission," said Joe Okpaku, Lyft's vice president of public policy. "Having a really laser-focused goal of getting our Lyft service out to as many people as possible."
Compared to Uber, Lyft has long been a small fry of the ride-hailing world. For example, the company has received $4.1 billion in venture funding and is valued at $11.5 billion, whereas Uber has received $12.9 billion and is valued at $68 billion.
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