Here’s why you’re getting all those sweet Uber and Lyft discounts

 In Fundings & Exits, Lyft, TechCrunch - Funding & Exits, Technology News, Transportation, U.S. Securities and Exchange Commission, Uber, Venture Capital

In its final weeks as a private company, Lyft is reaching for every inch of the rideshare market it can get.

To do this, it’s revisiting an old strategy: discounts. If you’re a Lyft user, you may have noticed the company has been offering cheaper rides in the last few weeks. Why? To encourage riders to ditch the Uber app in favor of Lyft and to tack on additional rides from users who may have otherwise hesitated to dole out the cash. After all, a $13 ride is a lot different from a $7 ride.

According to a report from The Information, Lyft’s discounts were extended to roughly one-third of riders’ recent trips and helped Lyft gather an additional 4 percent of the U.S. rideshare market. Lyft now holds 34 percent of the market, while Uber claims the remaining 66 percent. The additional percentage points will give Lyft a leg up as it launches its road show, the final step ahead of its Nasdaq IPO, expected in April.

We’ve reached out to Lyft to confirm the details in The Information’s report.

Devoted Uber riders may have noticed discounts, too. The competing ride-hailing giant also unleashed a hefty dose of discounts to keep riders on its app. Uber, of course, is also in IPO registration, expected to debut on the public markets in the first half of 2019, likely one or two months after Lyft.

Lyft was most recently valued at $15 billion and will garner a valuation north of $20 billion with its highly anticipated debut. Uber’s last private market valuation was roughly $72 billion; it’s expected to surpass $100 billion upon its IPO.

This month’s discount war isn’t the first time the two ride-hailing companies have cheapened prices to entice riders despite criticism from investors, who’d rather the companies focus on profitability. But this is Silicon Valley, even in a run-up to an IPO, when companies should theoretically be hyper-focused on profitability, Uber and Lyft seem to be just fine with continuing to burn through cash by subsidizing rides.

Uber and Lyft filed in December a draft registration statement with the U.S. Securities and Exchange Commission for their respective floats.

Lyft has selected JPMorgan Chase & Co. as the lead underwriter of its IPO, along with Credit Suisse Group and Jefferies Group. The company has raised $5.1 billion in venture capital funding to date.

Uber, for its part, has reportedly tapped Morgan Stanley to lead its IPO. It has raised nearly $20 billion in a combination of debt and equity funding.

Recent Posts
  • g spot vibrator

    g spot vibrator
    There are no trees, the square is gray completely gray color and
    completely gray boring square. Only one interesting object
    is a clock. Black clock about 3 m high black looks like
    a phalus (Cannot write here more I suppose).
    If you participate in the building of community, you have
    a sense of being its roots and its heart whereas people who come along later, when everything is in place,
    are really just consumers.” Because of the successes of the ’70s, she adds, fewer young lesbians are marrying men. “They skip that step.

    It’s no wonder they’re not up on problems like lesbian mother custody; it isn’t happening to their

    wholesale sex toys The more beautiful and unique something is (like sexual intercourse), the more power it holds over our lives, either for good or bad influence. That is why it is so easy for the devil to corrupt the most precious of God gifts. When we become more in love with the gifts than the One who endowed them, the things that were designed to bless us begin to destroy us instead. wholesale sex toys

    wholesale sex toys My question then is this: is it possible for the object to still be there, and how could I tell, short of an uncomfortable visit to the doctor. I would appreciate a percentage chance of there being still an issue rather than the blanket statement of “seek help”, if possible. Thank youAs for your question “how
    could I tell, short of an uncomfortable visit to the doctor”, the only unpalatable answer perhaps, is that there seems to be no way except to make the “uncomfortable visit to the doctor”.. wholesale sex toys

    cock ring So when they came back, the food was already cold and I felt bad offering them cold food (bc it seems like I’m giving them my leftovers; rude) so I just kept it there till the next morning when I threw it out. A few days later, I hear her talking to her friends telling them how selfish I am. It really hurts bc we don’t know each other that well and she’s already making judgements about me. cock ring

    wholesale sex toys Bdsm search engines pissing outdoors male masturbation machine, severe bdsm, watersports bondage drawings bdsm comics slave. Ladyboy cum shots bdsm tit torture cartoon horses male bdsm drawings. Bobco’s handjob cute preggo, bdsm slave collars, gay twink sex, bdsm photos. wholesale sex toys

    animal dildo Spice up your love lifestyles with a selection of positions that can be loved with this swing. The Gay Sex Swing has padded helps to your returned, butt/thighs, and toes/calves. The swing additionally has a torque bar for brought guide for your wild love making periods. animal dildo

    penis pump It what you’ll never find inside an Applebee’s or any other chain bar or restaurant named after a day of the week. But once you walk inside Walsh’s Irish Sports Bar in Hollywood, the It ness smacks you in the face. That’s because owner Terri Walsh and her merry band of regulars have had plenty of time to get the whole bar thing down. penis pump

    strap on I start humping, but instead of pleasure, I felt burning. I put the cucumber in the microwave for too long. I had blisters on my shaft for several days. At this point, Jessica realizes that her take down attempts have turned out to be a bust, so she “punches” Prince Jowe. It looks more like she pushes him with her fist which is just as awkward as it sounds. Do you have no upper body strength, Jessica? It’s like she’s the Korean Olive Oyl. strap on

    Realistic Dildo Within an hour of posting her items, she received more than 20 private messages with offers to take the toys off her hands. The winning bidder left her with a freezer full of frozen pizzas and also a new friend. The woman Ms. I made a joke about if she used to do the peanut butter trick. Wife told me she did have her dog eat her out a couple times, said she was curious. Said it felt good, I thought it was weird but I heard plenty of stories of people getting oral sex from dogs. Realistic Dildo

    g spot vibrator Sexpicture sexual fisting. Talk to me about free fist fuck pictures. So we collected our things and walked back through the little forest to get fist ass. Search for fisting free pictures. Touch the fisting vagina. You are not making sense just like the free hardcore fisting. g spot vibrator

    strap on Then it hit me MILK! So we tried injecting milk into her vagina. As soon as she squeezed the douche full of milk into her self she sighed a sigh of release. The burning had stopped instantly. Our breakup wasn bad. We talked and talked and even had sex and took a last picture of us kissing before going our separate ways. She contacted me the next morning telling me she hopes work went good and we talked for a bit then the conversation ended and restarted again at night while we were both at work. strap on

    gay sex toys What gets you wet? And what does art have to do with it? In two separate collections of essays, art historian Rosemary Betterton and artist Mira Schor take up these sticky questions, connecting art, women, and the fluids your body produces, takes in, craves, and reviles.Betterton’s An Intimate Distance considers representations of, and largely by, women, in a series of essays on topics ranging from British suffrage to contemporary food art. The title refers to the woman artist’s relation to her female subject: her distance as an observer is complicated by her intimacy with what is observed.I couldn’t quite articulate what was so great about Betterton until I read Mira Schor’s Wet. Betterton, who teaches art history and critical studies at Sheffield Hallam University in England, refuses such moves gay sex toys.

Leave a Comment