Description: Ride-hailing service Lyft is seeking $500 million in funding, which would value the company between $6 billion and $7 billion, Reuters reports. By comparison, its biggest competitor Uber is valued at about $70 billion.
Source: eMarketer.com
Date: Feb 23, 2017
Questions for Discussions:
- What does the report suggest about the growth prospects for this industry?
- Would you be an investor?
