The growth of Lyft's market share could have several potential impacts on its financial health. Firstly, it could lead to increased revenue as a larger market share means more customers using Lyft's services. However, it could also lead to increased expenses as Lyft may need to invest more in driver subsidies and promotional discounts to attract and retain customers. This could potentially lead to a situation where Lyft is burning through cash at a faster rate, similar to what Uber has experienced. However, if Lyft is able to manage its growth effectively, it could eventually become cash-flow positive like Uber.
Use our Timeline Template Collection to visualize and track business processes. Timelines keep proje...
Download template