Lyft’s $1B Gross Run Rate In Context

 Today Lyft’s president John Zimmer announced that the ridesharing company reached an annualized gross revenue run rate of $1 billion in October. The figure likely does not represent Lyft’s cut of the value of rides that flow through its system. Instead, it likely represents the gross, or total quantity of payments between drivers, and riders. Lyft, a technology middle person, takes… Read More