Some potential reasons for Lyft's rapid market share growth could be its competitive pricing and promotional discounts for riders, as well as subsidies for drivers. Despite being smaller in size compared to Uber, Lyft has managed to double its market share from 15% to 31% since 2015. This could also be attributed to the company's ability to effectively manage its cash flow, despite the high costs associated with market competition.
Use our Timeline Template Collection to visualize and track business processes. Timelines keep proje...
Download template