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o legacy parser print export download as pdf printable version in other projects wikimedia commons wikidata item appearance move to sidebar hide from wikipedia the free encyclopedia american ride sharing company lyft inc type public traded as nasdaq lyft class a russell 1000 component s p 600 component industry vehicle for hire founded june 9 2012 14 years ago 2012 06 09 as zimride founders logan green john zimmer headquarters san francisco california u s area served united states canada key people logan green chairman john zimmer president david risher ceo revenue us 6 32 billion 2025 operating income us 118 million 2025 net income us 2 84 billion 2025 total assets us 9 03 billion 2025 total equity us 3 27 billion 2025 number of employees 3 913 2025 subsidiaries lyft urban solutions motivate freenow website lyft com footnotes 1 lyft inc is an american company offering ride hailing services e scooters and bicycle sharing systems in the united states and canada and via its freenow mobile app europe 1 lyft is the second largest ridesharing company in the united states after uber 1 it has 25 million active riders and coordinates 9 million rides per day 1 car schemes edit lyft s distinctive pink mustache was the first branding the company used until 2015 when it switched to a smaller glowing magenta mustache that sits on a driver s dashboard lyft was launched in the summer of 2012 by computer programmers logan green and john zimmer as a service of zimride a long distance intercity carpooling company focused on college transport that they founded in 2007 after green shared rides from the university of california santa barbara campus to visit his girlfriend in los angeles and was seeking an easier way to share rides 2 3 in may 2013 the company changed its name from zimride to lyft 4 in july 2013 lyft sold the original zimride service to enterprise holdings the parent company of enterprise rent a car 5 lyft s marketing strategy included large pink furry mustaches that drivers attached to the front of their cars and encouraging riders to sit in the front seat and fist bump with drivers upon meeting 6 in november 2014 the company distanced itself from the fist bump 7 in january 2015 lyft introduced a small glowing plastic dashboard mustache it called a glowstache as an alternative to the large fuzzy mustaches on the front of cars the transition was to help overcome the resistance of some riders to arrive at destinations such as business meetings in a car with a giant mustache 8 in august 2014 the company introduced shared transport 9 in december 2017 lyft expanded into canada with operations in the toronto hamilton and ottawa metropolitan areas 10 in march 2018 lyft partnered with allscripts on a platform allowing healthcare providers to arrange rides for patients who lack transportation to appointments with plans to roll out the service to 2 500 hospitals 180 000 physicians and approximately 7 million patients 11 12 in february 2018 lyft hired former tesla president of global sales and service jon mcneill as chief operating officer 13 in november 2018 lyft settled a class action suit filed in 2014 alleging that the company sent many unwanted commercial text messages 14 in addition to 4 million in payments to consumers the plaintiffs sought 1 million in legal fees 15 in march 2019 lyft became a public company via an initial public offering raising 2 34 billion at a valuation of 24 3 billion 16 the company set aside some shares to be given to long time drivers 17 in march 2020 lyft acquired halo cars which pays drivers to display digital advertisements on their vehicles 18 in april 2020 during the covid 19 pandemic in the united states lyft laid off 982 employees and furloughed an additional 288 to reduce operating expenses 19 the company continued to offer scooters for rent in san francisco while miami government asked lyft to halt operations 20 in august 2020 lyft partnered with rental car company sixt to provide users access rental cars in exchange for a commission most of the rental cars are owned and operated by sixt with 85 locations in the u s 21 22 in december 2020 lyft announced plans to launch a multi city u s robotaxi service with motional 23 lyft sold its self driving car division to toyota for 550 million in april 2021 24 25 the division had partnerships with general motors 26 27 nutonomy 28 ford motor company 29 30 gomentum station 31 and magna international 32 it also owned blue vision labs a london based augmented reality startup acquired in 2018 for 72 million 33 in november 2022 the company announced layoffs of approximately 700 employees or about 13 of its staff 34 in march 2023 david risher was named ceo of the company 35 36 in april 2023 the company announced layoffs of 1 076 corporate workers or 26 of its staff this came after job cuts announced in july and november 2022 37 38 39 in september 2023 lyft discontinued lyft rentals and stopped offering car rental services 40 in july 2025 lyft acquired free now for 175 million expanding in europe 41 in september 2025 lyft partnered with waymo to use self driving cars for its service in nashville 42 it also partnered with may mobility to launch self driving cars in atlanta 43 in october 2025 lyft acquired tbr global chauffeuring for 83 million 44 cycle schemes edit bilbaobizi is a cycle sharing system owned by lyft lyft acquired motivate a bicycle sharing system and the operator of capital bikeshare and citi bike in november 2018 45 46 the company also announced plans to add 28 000 citi bikes and expand its service 47 in april 2022 lyft announced an agreement to acquire pbsc urban solutions a canadian bike share equipment and technology supplier 48 in 2026 lyft acquired serveo bikeshares in spain 49 finances edit the company has annual revenues of 6 billion for the second quarter of 2024 lyft posted its first gaap profit in the company s history 50 controversies edit in early 2025 detroit rapper dajua blanding known as dank demoss who claims to be just under 500 pounds filed a lawsuit against lyft after a driver allegedly refused her ride claiming she was too big to fit in the car the incident captured on video led to public outrage and legal action with blanding asserting that weight based discrimination is illegal under michigan law the lawsuit was settled out of court 51 references edit 1 2 3 4 lyft inc 2025 form 10 k annual report february 11 2026 retrieved february 23 2026 farr christina may 23 2013 lyft team gets 60m more now it must prove ride sharing can go global venturebeat archived from the original on july 27 2017 retrieved september 4 2017 green tomio may 23 2013 lyft raises 60 million as ride sharing competition heats up forbes archived from the original on december 1 2017 retrieved september 4 2017 lagorio chafkin christine june 24 2017 how lyft s founders listened to their gut and not their mentor inc archived from the original on april 15 2019 retrieved april 13 2019 gannes liz july 12 2013 lyft sells zimride carpool service to rental car giant enterprise all things digital archived from the original on july 15 2013 retrieved july 19 2013 fiegerman seth december 22 2014 why lyft is trimming its pink mustache mashable archived from the original on april 2 2019 retrieved april 13 2019 lien tracey november 28 2014 lyft distances itself from fist bump during busiest week yet los angeles times archived from the original on august 4 2020 retrieved april 13 2019 vanhemert kyle january 20 2015 lyft is finally ditching the furry pink mustache wired archived from the original on february 11 2017 retrieved april 9 2017 lawler ryan august 6 2014 with lyft line passengers can split fares for shared rides techcrunch archived from the original on july 5 2017 retrieved september 4 2017 etherington darrell november 13 2017 lyft s first market outside the u s will be canada with a december launch in toronto techcrunch archived from the original on november 15 2017 retrieved november 14 2017 della cava marco march 5 2018 lyft deal with allscripts lets 180 000 doctors call rides for their patients usa today archived from the original on march 5 2018 retrieved march 5 2018 lavito angelica march 5 2018 lyft and allscripts want to make it easier to get people to the doctor s office cnbc archived from the original on september 25 2018 retrieved april 13 2019 lyft hires tesla executive jon mcneill as coo reuters february 8 2018 retrieved april 2 2026 pennington laura november 9 2018 lyft consumers seek approval of 4m texting class action settlement top class actions archived from the original on april 2 2019 retrieved march 15 2019 sinay reenat february 14 2019 2 firms in 4m lyft tcpa deal seek nearly 1m attys fees law360 archived from the original on april 2 2019 retrieved march 15 2019 lyft valued at 24 3 billion in first ride hailing ipo reuters march 29 2019 archived from the original on march 29 2019 retrieved september 10 2019 lyft announces driver bonuses and directed share program opportunity press release pr newswire march 1 2019 archived from the original on march 21 2019 retrieved march 21 2019 tullman anya march 3 2020 lyft buys halo cars a startup founded by four penn students in 2018 the daily pennsylvanian lyft inc form 8 k april 29 2020 archived from the original on september 20 2020 retrieved december 14 2020 via u s securities and exchange commission hawkins andrew j march 20 2020 electric scooter sharing grinds to a halt in response to the covid 19 pandemic the verge archived from the original on may 19 2020 retrieved may 22 2020 goldstein michael lyft gets into the rental car business with partner sixt forbes archived from the original on august 10 2020 korosec kirsten lyft expands its rental business with sixt partnership techcrunch archived from the original on august 17 2020 lienert paul december 16 2020 lyft motional to launch multi city u s robotaxi service in 2023 reuters retrieved december 16 2020 bellon tina yamamitsu eimi april 26 2021 toyota to buy lyft unit in boost to self driving plans reuters mcfarland matt march 5 2018 lyft s quiet ceo logan green opens up on his wild ride cnn archived from the original on august 9 2020 retrieved august 3 2020 trousdale steve january 5 2016 gm invests 500 million in lyft sets out self driving car partnership reuters archived from the original on april 5 2019 kokalitcheva kia may 5 2016 gm and lyft will test self driving taxis within the next year fortune archived from the original on july 13 2016 hawkins andrew j june 6 2017 lyft teams up with nutonomy to put thousands of self driving cars on the road the verge archived from the original on july 5 2017 isaac mike september 27 2017 lyft adds ford to its list of self driving car partners the new york times issn 0362 4331 archived from the original on september 29 2017 hawkins andrew j september 27 2017 ford and lyft will work together to deploy autonomous cars the verge archived from the original on april 14 2019 crum rex march 8 2018 lyft s self driving technology finds momentum in concord the mercury news archived from the original on march 10 2018 kerr dara march 14 2018 lyft is building self driving tech that can go in any car cnet archived from the original on march 15 2018 hawkins andrew j october 23 2018 lyft unveils a new self driving car and acquires an ar startup the verge archived from the original on november 1 2018 rana preetika glazer emily november 3 2022 lyft to lay off about 700 employees in second round of job cuts the wall street journal rana preetika thomas lauren glazer emily march 27 2023 lyft hires new ceo as founders step back amid struggles with competition the wall street journal archived from the original on march 27 2023 retrieved january 4 2026 genovese daniella august 15 2023 lyft ceo buys 1 15m of company stock i am putting my money where my mouth is foxbusiness retrieved august 17 2023 goswami rohan april 27 2023 lyft to cut 1 072 employees or 26 of its workforce cnbc korosec kirsten april 21 2023 lyft to make significant cuts across ride hailing company techcrunch retrieved april 21 2023 rana preetika thomas lauren glazer emily april 21 2023 lyft to cut at least 1 200 jobs in new round of layoffs to reduce costs the wall street journal retrieved april 21 2023 hicks jasmine july 21 2022 lyft rentals shuts down as the ride sharing company lays off about 60 people the verge lung natalie july 31 2025 lyft completes freenow acquisition isn t planning to cut staff bloomberg news korosec kirsten september 17 2025 lyft and waymo are partnering to bring robotaxis to nashville techcrunch kutterer karsten september 10 2025 lyft and may mobility deploy their first autonomous vehicle fleet in atlanta press release may mobility dentons advises tbr global chauffeuring on 83 million sale to lyft dentons october 17 2025 ghose carrie december 3 2018 lyft completes acquisition of portland s bike share program operator american city business journals archived from the original on january 17 2020 retrieved april 13 2019 stampler laura november 29 2018 lyft inks deal with n y c and becomes largest bike share service in u s fortune archived from the original on april 11 2019 retrieved april 13 2019 berger paul november 29 2018 lyft to add 28 000 citi bikes and expand service the wall street journal archived from the original on november 30 2018 retrieved november 30 2018 bellan rebecca april 20 2022 lyft doubles micromobility footprint with pbsc acquisition techcrunch micromobility https micromobility io news lyft to acquire serveos bikeshare business in spain bary emily august 7 2024 lyft swings to a profit on record rides but its earnings outlook comes in light marketwatch gordon lauren september 19 2025 lawyers for michigan rapper dank demoss issue update on lyft lawsuit wkfr fm external links edit wikimedia commons has media related to lyft official website business data for lyft inc google reuters sec filings yahoo v t e platform economy platform capitalism platform cooperative concepts crowdfunding comparison customer to customer freelancer gig economy list of companies gig worker online marketplace ridesharing company two sided market labor unions international alliance of app based transport workers global indian federation of app based transport workers india rideshare drivers united california national taxi workers alliance new york professional e hailing drivers and private owners association nigeria strikes 2021 gorillas strikes berlin 2019 lyft and uber drivers strikes california ridesharing 2020 california proposition 22 california assembly bill 5 2019 flight sharing legality by jurisdiction privacy companies blablacar co op ride lyft motivate uber careshare controversies eats uber bv v aslam uber files wingly online marketplaces list of online marketplaces homestay 9flats airbnb guestready hipcamp misterb b vrbo wimdu related big tech enshittification farm stay multi level marketing list of companies authority control data...