Lyft Goes Retro to Attract a New Consumer
Lyft is opening the door to a new consumer, but will its convenient new service move the needle for the company?
Lyfts mission is to improve people’s lives with the world’s best transportation, primarily through their ride hailing mobile apps matching riders & drivers. Lyft is investing heavily in autonomous driving technology, which could transform their cost structure if and when they can legally and safely bring autonomous ride hailing services to the public.
Lyft is opening the door to a new consumer, but will its convenient new service move the needle for the company?
The ride-hailing leader's revenue is recovering along with the economy.
LYFT earnings call for the period ending December 31, 2020.
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LYFT earnings call for the period ending September 30, 2020.
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