Lyft is quickly catching up to Uber in an important way

Lyft is quickly catching up to Uber in an important way

Curated via Twitter from Mashable’s twitter account….

Uber’s revenue, number of riders and drivers, and downloads always tower over little Lyft — but Uber’s losses are also bigger: $837 million versus Lyft’s $280 million.

Its analysis found that from January 2018 through January 2020, Lyft’s DAU rate grew more than 75 percent, while Uber lagged behind at just under 50 percent.

But 30 days after downloading the apps, more people were still using Lyft (18 percent) than Uber (10 percent).

And now, Lyft’s on the path to catch up to the ride-hailing giant in a major way: its number of daily active users in the U. S.

Both are inching closer to 2. 6 million daily active users, but Lyft’s getting there faster.

Uber is in 60 countries, while the smaller Lyft is only available in the U. S. and Canada.

Link to original article….

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