Lyft - The Amateur Short

|
About: Lyft, Inc. (LYFT)
by: Citron Research
Summary

Lyft has grown active riders more than 5x from Q1’16 to 18.6 million in Q4’18.

Lyft is in a rare class of businesses along with Amazon and Alibaba where people use the service more and more over time and don’t need to be reacquired.

Uber is valued at six times Lyft’s valuation at $120 billion though Lyft is rapidly taking share from Uber with US market share growing from 22% in 2016 to 39%.

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.