Difference between pages "Template:Citation Style documentation/url" and "Timeline of Lyft"

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(Moved crossref back by one sentence (and did not tag or comment). The recommendation in the final sentence of the paragraph IS NOT in the cited guideline.)
 
 
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* <span id="csdoc_url" />'''url''': URL of an online location where the text of the publication can be found. Cannot be used if '''title''' is wikilinked. If applicable, the link may point to the specific page(s) referenced. Remove spurious tracking parameters from URLs, e.g. <code>#ixzz2rBr3aO94</code> or <code>?utm_source=google&utm_medium=...&utm_term=...&utm_campaign=...</code>. {{crossref|See [[WP:PAGELINKS]].}} Do not link to any commercial booksellers, such as Amazon.com.
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{{Attribute English Wikipedia|original-exists=yes}}
** <span id="csdoc_accessdate" />'''access-date''': Full date when the content pointed to by '''url''' was last verified to support the text in the article; do not wikilink; requires '''url'''; use the same format as other access and archive dates in the citations.{{r|date|group=date}} ''Not required for linked documents that do not change.'' For example, '''access-date''' is not required for links to copies of published research papers accessed via DOI or a published book, but should be used for links to news articles on commercial websites (these can change from time to time, even if they are also published in a physical medium). Note that '''access-date''' is the date that the URL was checked to not just be working, but to support the assertion being cited (which the current version of the page may not do). Can be [[Help:Citation Style 1/accessdate|hidden or styled]] by registered editors. Alias: '''accessdate'''.
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** <span id="csdoc_archiveurl" />'''archive-url''': The URL of an [[Web archiving|archived]] copy of a web page, if or in case the url becomes unavailable. Typically used to refer to services like [[WebCite]] {{crossref|(see [[Wikipedia:Using WebCite]])}} and [[Internet Archive]] {{crossref|(see [[Wikipedia:Using the Wayback Machine]])}}; requires '''archive-date''' and '''url'''. Alias: '''archiveurl'''.
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This is a '''timeline of [[wikipedia:Lyft|Lyft]]''', a car-hailing platform.
*** <span id="csdoc_archivedate" />'''archive-date''': Date when the original URL was archived; preceded by default text "archived from the original on". Use the same format as other access and archive dates in the citations. This does not necessarily have to be the same format that was used for citing publication dates.{{r|date|group=date}} Do not wikilink. Alias: '''archivedate'''.
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*** <span id="csdoc_deadurl" />'''dead-url''': When the URL is still live, but pre-emptively archived, then set {{para|dead-url|no}}. This changes the display order with the title retaining the original link and the archive linked at the end. When the original url has been usurped for the purposes of spam, advertising, or is otherwise unsuitable, setting {{para|dead-url|unfit}} or {{para|dead-url|usurped}} will not link to the original url in the rendered citation; {{para|url}} is still required. Other accepted values are <var>y</var>, <var>yes</var>, or <var>true</var>. Alias: '''deadurl'''.
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==Big picture==
** <span id="csdoc_template doc demo" />'''template-doc-demo''': The archive parameters will be error checked to ensure that all the required parameters are included, or else {{tl|citation error}} is invoked. With errors, main, help and template pages are placed into one of the subcategories of [[:Category:Articles with incorrect citation syntax]]. Set {{para|template-doc-demo|true}} to disable categorization; mainly used for documentation where the error is demonstrated.
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* <span id="csdoc_format" />'''format''': Format of the work referred to by '''url'''; for example: PDF, DOC, or XLS; displayed in parentheses after '''title'''. HTML is implied and should not be specified. Automatically added when a PDF icon is displayed. Does not change the [[Help:External link icons|external link icon]]. Note: External link icons do not include [[Wikipedia:ALT|alt text]]; thus, they do not add format information for the visually impaired.
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{| class="wikitable sortable" border="1"
{{MediaWiki URL rules}}
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! Time period !! class="unsortable" | Key developments at Lyft
{{reflist|group=date|refs=<ref name=date>Access-date and archive-date in references should all have the same format – either the format used for publication dates, or YYYY-MM-DD. {{crossref|See [[MOS:DATEUNIFY]].}}</ref>}}
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|-
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| 2012–2014 || Lyft launches in San Francisco, and expands to at least 60 different cities by 2014. A year after launch, it gives 30,000 rides a week. By August 2013, it hits a million completed rides.
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|-
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| 2014–2016 || Lyft gets Series E and Series F round investments (including from General Motors), increasing its total raised to $1 billion and its valuation to $2.5 billion.
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|-
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| 2017 || Lyft expands to cover around 94% of U.S. residents, up from around 60% at the start of the year. The company reaches valuaton of US$11 billion.<ref>{{cite web |last1=Etherington |first1=Darrell |title=Lyft’s first market outside the U.S. will be Canada with a December launch in Toronto |url=https://techcrunch.com/2017/11/13/lyfts-first-market-outside-the-u-s-will-be-canada-with-a-december-launch-in-toronto/ |website=techcrunch.com |accessdate=15 April 2019}}</ref> 375.5 million rides are reported, an increase of 130% over the previous year. The number of Lyft passengers grows 92% from 2016, to 23 million, and the number of Lyft drivers doubles to 1.4 million.<ref>{{cite web |title=Lyft's Massive 2017 Growth Could Be a Threat to Uber |url=https://www.thedrive.com/tech/17707/lyfts-massive-2017-growth-could-be-a-threat-to-uber |website=thedrive.com |accessdate=15 April 2019}}</ref>
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|-
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| 2018 || Lyft announces plan to become completely carbon neutral. The company reaches valuation of US$24 billion. Revenue is reported at US$2.2 billion and net loss of $911.3 million.<ref>{{cite web |title=Why Lyft Is the Worst Thing to Happen to the IPO Market |url=https://www.thestreet.com/markets/ipos/why-lyft-is-the-worst-thing-to-happen-to-the-ipo-market-14924630 |website=thestreet.com |accessdate=15 April 2019}}</ref>
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|-
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| 2019 || Lyft files its {{w|Initial public offering}}.
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|-
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|}
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==Full timeline==
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{| class="wikitable sortable" border="1"
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! Year !! Month and date !! Event type !! Details
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|-
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| 2012 || June || Company || Lyft launches in [[wikipedia:San Francisco|San Francisco]] by [[wikipedia:Logan Green|Logan Green]] and [[wikipedia:John Zimmer|John Zimmer]] as a service of [[wikipedia:Zimride|Zimride]], a ridesharing company the two founded in 2007.<ref name="VB1">{{cite web|last=Farr|first=Christina|title= Lyft team gets $60M more; now it must prove ride-sharing can go global|url=http://venturebeat.com/2013/05/23/lyft-races-ahead-with-60m-in-funding-but-what-challenges-lie-ahead/ |publisher=VentureBeat|accessdate=17 July 2013|date=23 May 2013}}</ref>
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|-
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| 2013 || January || Funding || Lyft raises $15 million in [[wikipedia:Series B|Series B]] led by [[wikipedia:Founders Fund|Founders Fund]].<ref name="CB">{{cite web |url=https://www.crunchbase.com/organization/lyft#/entity |title=Lyft |newspaper= |date=  |author= |accessdate= June 26, 2016}}</ref>
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|-
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| 2013 || January 30 || Expansion || Lyft expands to [[wikipedia:Los Angeles|Los Angeles]].<ref name="MyUser_adas">{{cite web |url=https://techcrunch.com/2013/01/30/lyft-cpuc-deal-la/ |title=Lyft Strikes Deal With California Regulator To Remove Fines, Expands Its Ride-Sharing Service To LA |newspaper= |date=  |author= |accessdate= July 1, 2016}}</ref>
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|-
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| 2013 || May || Funding || Lyft completes a US $60 million Series C venture financing round led by [[wikipedia:Andreessen Horowitz|Andreessen Horowitz]]; the other investors were [[wikipedia:Founders Fund|Founders Fund]], [[wikipedia:Mayfield Fund|Mayfield Fund]], K9 Ventures, and Floodgate.<ref name="F1">{{cite web|last=Green|first=Tomio|title= Lyft Raises $60 Million As Ride Sharing Competition Heats Up|url=http://www.forbes.com/sites/tomiogeron/2013/05/23/lyft-raises-60-million-as-ride-sharing-competition-heats-up/|publisher= Forbes|accessdate=17 July 2013|date=23 May 2013}}</ref><ref name="INC">{{cite web|last=Lagorio|first=Christine and Markowitz, Eric|title= Lyft's New $60M: How the Deal Went Down|url= http://www.inc.com/eric-markowitz/lyft-raises-60-million-from-andreessen-horowitz-to-expand-globally.html |publisher= Inc. Magazine|accessdate=17 July 2013|date=23 May 2013}}</ref>
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|-
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| 2013 || July || Partnerships || Lyft sells Zimride to [[wikipedia:Enterprise Holdings|Enterprise Holdings]], the parent company of [[wikipedia:Enterprise Rent-A-Car|Enterprise Rent-A-Car]], allowing Lyft to focus exclusively on the growth of Lyft.<ref>{{cite web| last=Gannes|first=Liz|title= Lyft Sells Zimride Carpool Service to Rental-Car Giant Enterprise|url= http://allthingsd.com/20130712/lyft-sells-zimride-carpool-service-to-rental-car-giant-enterprise/|publisher=All Things D|accessdate=17 July 2013|date=12 Jul 2013}}</ref>
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|-
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| 2013 || October 3 || Expansion || Lyft announces its expansion to Silicon Valley.<ref name="MyUser_sfaa">{{cite web |url=https://techcrunch.com/2013/10/03/lyft-silicon-valley-launch/ |title=Lyft Is Expanding Its Ride-Sharing Service To Silicon Valley |newspaper= |date=  |author= |accessdate= July 1, 2016}}</ref>
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|-
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| 2014 || April || Funding || Lyft completes a $250 million Series D financing round led by Coatue, Alibaba, and Andreessen Horowitz, bringing its total amount raised to $332.5 million.<ref name="CB" />
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|-
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| 2014 || April || Funding || Lyft announces it will temporarily stop taking 20% commissions from drivers, as it experiments with cutting user fares by 20%.<ref name="MyUser_Geekwire.com_August_27_2016c">{{cite web |url=http://www.geekwire.com/2014/lyft-slashes-prices-nationwide-20/ |title=Lyft cuts prices nationwide by 20%, temporarily stops taking commission from drivers - GeekWire |newspaper=Geekwire.com |date=  |author= |accessdate= August 27, 2016}}</ref><ref name="WSJ-commissions">{{cite web |url=http://blogs.wsj.com/digits/2014/08/11/lyft-reintroduces-commissions-on-rides-with-a-twist/ |title=Lyft Reintroduces Commissions on Rides, With a Twist - Digits |newspaper=The Wall Street Journal |date=  |author= |accessdate= August 27, 2016}}</ref>
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|-
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| 2014 || April 24 || Expansion || Lyft announces it will expand in 24 new markets, bringing its total number of markets to 60. These markets include Ann Arbor, Mich.; Fairfield County & New Haven, Conn.; Fresno, Calif.; Jacksonville, Fla.; Louisville, Ky.; Modesto, Calif.; Newark & North Jersey; Oklahoma City, Okla.; Raleigh-Durham, N.C.; San Bernardino, Calif.; and Tulsa, Okla.<ref name="MyUser_Https:_2016c">{{cite web |url=https://techcrunch.com/2014/04/24/lyft-24-new-cities/ |title=Lyft Launches In 24 New Markets, Cuts Fares By Another 10% |newspaper=|date=  |author= |accessdate= July 1, 2016}}</ref>
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| 2014 || July || Product || Lyft rewrites all its code from [[wikipedia:Objective C|Objective C]] to [[wikipedia:Swift (programming language)|Swift]], which makes the code tighter and easier to maintain.<ref name="MyUser_Fastcompany.com_August_21_2016c">{{cite web |url=http://www.fastcompany.com/3050266/tech-forecast/lyft-goes-swift-how-and-why-it-rewrote-its-app-from-scratch-in-apples-new-lang |title=Lyft Goes Swift: How (And Why) It Rewrote Its App From Scratch In Apple's New Language |newspaper=Fastcompany.com |date=  |author= |accessdate= August 21, 2016}}</ref>
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| 2014 || July 24 || Expansion || Lyft launches in [[wikipedia:New York City|New York City]].<ref name="Lag">{{cite web|author1=CHRISTINE LAGORIO-CHAFKIN|title=Lyft in New York City: Let's Try This One More Time|url=http://www.inc.com/christine-lagorio/lyft-another-nyc-launch-attempt.html?cid=em01011week30day25c|website=Inc.|publisher=Monsueto Ventures|accessdate=27 July 2014|date=25 July 2014}}</ref><ref name="NYPost 1.15">{{cite news|last1=Associated Press|title=Lyft drops pink furry mustache, debuts ‘glowstache’|url=http://nypost.com/2015/01/27/lyft-drops-pink-furry-mustache-debuts-glowstache/|accessdate=2 June 2015|work=New York Post|publisher=New York Post|date=27 January 2015|ref=New York Post}}</ref> The New York Supreme Court in Manhattan forces Lyft to delay its planned launch in Brooklyn and Queens in response to complaints filed by the attorney general's office.<ref name="MyUser_Slate.com_July_1_2016c">{{cite web |url=http://www.slate.com/blogs/moneybox/2014/07/14/lyft_and_uber_in_new_york_only_one_is_facing_a_restraining_order.html |title=Lyft and Uber in New York: Only one is facing a restraining order. |newspaper=Slate.com |date=  |author= |accessdate= July 1, 2016}}</ref>
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| 2014 || August 4 || Product || Lyft announces Lyft Line, a carpooling service that lets multiple people ride together when they share a common route.<ref name="LyftLine">{{cite web |url=https://techcrunch.com/2014/08/06/lyft-line/ |title=With Lyft Line, Passengers Can Split Fares For Shared Rides |newspaper=TechCrunch |date=  |author= |accessdate= July 1, 2016}}</ref>
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| 2014 || August || Competition || Journalists confirm that Uber has been sending so-called brand ambassadors to order Lyft rides undercover and then persuade the drivers to defect to Uber.<ref name="MyUser_Businessinsider.com_UBER">{{cite web |url=http://www.businessinsider.com/is-uber-operation-slog-legal-2014-8 |title=Is Uber Operation Slog Legal - Business Insider |newspaper=Businessinsider.com |date=  |author= |accessdate= July 1, 2016}}</ref><ref name="MyUser_Businessinsider.com_July_1_2016c">{{cite web |url=http://www.businessinsider.com/uber-ceo-on-messing-with-lyfts-funding-2014-11 |title=Uber CEO On Messing With Lyft's Funding - Business Insider |newspaper=Businessinsider.com |date=  |author= |accessdate= July 1, 2016}}</ref>
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| 2014 || August || Product || Lyft announces that it will reintroduce 20% commissions on rides, provide Lyft’s first revenue since April, when the company slashed prices and said it would temporarily suspend its cut of all fares.<ref name="WSJ-commissions">{{cite web |url=http://blogs.wsj.com/digits/2014/08/11/lyft-reintroduces-commissions-on-rides-with-a-twist/ |title=Lyft Reintroduces Commissions on Rides, With a Twist - Digits |newspaper=The Wall Street Journal |date=  |author= |accessdate= August 27, 2016}}</ref>
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| 2014 || November 4 || Legal || Lyft accuses former COO Travis VanderZanden (who left Lyft for Uber) for breach of his confidentiality agreement and fiduciary duty.<ref name="MyUser_TC">{{cite web |url=https://techcrunch.com/2014/11/05/lyft-sues-travis-vanderzanden/ |title=Lyft Accuses Former COO Of Stealing Confidential Documents Before Joining Uber |newspaper= |date=  |author= |accessdate= July 1, 2016}}</ref> This lawsuit is settled by June 2016.<ref name="MyUser_Bizjournals.com_July_1_2016c">{{cite web |url=http://www.bizjournals.com/sanjose/blog/techflash/2016/06/lyft-uber-settle-lawsuit-that-threatened-to-air.html |title=Lyft, Uber settle lawsuit that might have aired sensitive details - Silicon Valley Business Journal |newspaper=Bizjournals.com |date=  |author= |accessdate= July 1, 2016}}</ref>
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| 2015 || March || Funding || Lyft raises a $530 million Series E investment led by Japanese online retailer Rakuten Inc.<ref name="CB" /><ref name="NYT_SeriesE">{{cite web |url=https://www.nytimes.com/2015/03/13/business/dealbook/lyft-raises-530-million.html |title=Lyft Raises $530 Million |newspaper=The New York Times |date= March 12, 2015 |author= |accessdate= August 27, 2016}}</ref>
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| 2015 || March || Product || Lyft announces Lyft Carpool, which lets it go back to its Zimride roots, by allowing passengers to carpool outside of city limits.<ref name="carpool">{{cite web |url=https://techcrunch.com/2016/03/29/lyft-gets-back-to-zimride-roots-with-lyft-carpool/ |title=Lyft gets back to Zimride roots with Lyft Carpool |newspaper=TechCrunch |date=  |author= |accessdate= July 1, 2016}}</ref>
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| 2015 || April || Team || Lyft hires [[wikipedia:Rex Tibbens|Rex Tibbens]], former vice president of Amazon logistics, as its [[wikipedia:chief operating officer|chief operating officer]].<ref name="NYT_COO">{{cite web |url=http://bits.blogs.nytimes.com/2015/04/09/lyft-taps-an-amazon-executive-as-chief-operating-officer/ |title=Lyft Hires Amazon Executive as Chief Operating Officer |newspaper=The New York Times |date=2015-04-09  |author= |accessdate= August 27, 2016}}</ref>
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| 2015 || May || Funding || Lyft raises $150 million in second Series E led by a $100 million investment from [[wikipedia:Carl Icahn|Carl Icahn]]. This increases the total raised to over $1 billion and the valuation to $2.5 billion.<ref name="CB" /><ref name="2.5billion">{{cite web|author1=Jason Redmond|title=Latest Rakuten-led funding values Lyft at $2.5 billion|publisher=Reuters|accessdate=13 March 2015|date=12 March 2015}} http://www.reuters.com/article/2015/03/12/us-lyft-financing-idUSKBN0M80DJ20150312</ref><ref name="TC 5.15">{{cite news|last1 = Etherington|first1 = Darrell|title = Lyft Raises An Additional $150M, Including $100M From Carl Icahn|url = http://techcrunch.com/2015/05/15/lyft-raises-an-additional-150m-including-100m-from-carl-icahn/#.mfdxho:aEsE|accessdate = 2 June 2015|work = TechCrunch|publisher = TechCrunch|date = 15 May 2015|ref = TechCrunch}}</ref>
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| 2015 || June 25 || Partnerships || Lyft announces a partnership with [[wikipedia:Starbucks|Starbucks]], which connects Lyft with Starbucks’s rewards program and creates perks for drivers: Lyft drivers automatically get Gold status in the Starbucks Rewards loyalty program, while Lyft passengers earn points in the rewards program with each ride.<ref name="MyUser_Fastcompany.com_July_1_2016c">{{cite web |url=http://www.fastcompany.com/3057421/lyft-to-uber-the-race-is-on |title=Lyft To Uber: The Race Is On |newspaper=Fastcompany.com |date=  |author= |accessdate= July 1, 2016}}</ref>
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| 2015 || September 16 || Competition || [[wikipedia:Didi Kuaidi|Didi Kuaidi]], the dominant Chinese player in China's ride-hailing market, announces a $100 million investment in [[wikipedia:Lyft|Lyft]], the second biggest player in the United States ride-hailing market after Uber. In addition, the companies announce a strategic partnership, where people can use the Lyft app to get rides using Didi Kuaidi in China, and vice versa.<ref name=techcrunch-lyft-didi>{{cite web|url=http://techcrunch.com/2015/09/16/ubers-rivals-didi-kuadi-and-lyft-form-international-ridesharing-partnership/|title = China’s Didi Kuaidi Put $100M Into Lyft, Inks Ridesharing Alliance To Rival Uber|date = September 16, 2015|accessdate = October 18, 2015|publisher = ''[[wikipedia:TechCrunch|TechCrunch]]''|last = Buhr|first = Sarah}}</ref>
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| 2015 || September 30 || Company || Lyft announces its second engineering hub in Seattle.<ref name="seatt">{{cite web |url=https://techcrunch.com/2015/09/30/lyft-announces-second-engineering-hub-in-seattle/ |title=Lyft Announces Second Engineering Hub In Seattle |newspaper= |date=  |author= |accessdate= July 1, 2016}}</ref>
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| 2015 || December || International || Lyft's alliance grows to include [[wikipedia:Didi Kuaidi|Didi Kuaidi]] (China), [[wikipedia:Ola Cabs|Ola Cabs]] (India), and [[wikipedia:GrabTaxi|GrabTaxi]] (South-East Asia) (all of which have [[wikipedia:Softbank|Softbank]] as an investor). This is widely seen as an attempt by the companies to keep Uber at bay. All the other companies in the partnership are market leaders in their respective regions of focus.<ref>{{cite web|url = http://techcrunch.com/2015/12/03/lyft-didi-ola-and-grabtaxi-partner-in-global-tech-service-alliance-to-rival-uber/|title = Lyft, Didi, Ola And GrabTaxi Partner In Global Tech, Service Alliance To Rival Uber|date = December 3, 2015|accessdate = December 5, 2015|last = Lunden|first = Ingrid|last2 = Buhr|first2 = Sarah|publisher = ''[[wikipedia:TechCrunch|TechCrunch]]''}}</ref><ref>{{cite web|url = https://www.wsj.com/articles/four-uber-rivals-are-now-in-international-alliance-1449176900|title = Four Uber Rivals Are Now in International Alliance|last = Purnell|first = Newley|date = December 3, 2015|accessdate = December 5, 2015|publisher = ''[[wikipedia:Wall Street Journal|Wall Street Journal]]''}}</ref>
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| 2016 || January 4 || Funding || Lyft announces a partnership with U.S. automaker General Motors, which invests $500 million as part of a Series F $1 Billion fundraising effort. The partnership is designed to help both companies accelerate in the ride-sharing market, as well as the [[wikipedia:autonomous car|autonomous car]] arena.<ref name="CB" /><ref>{{cite web|url=https://www.yahoo.com/autos/general-motors-invests-500m-lyft-133349836.html|title=General Motors Invests $500 Million in Lyft, Sees A Self-Driving Future|publisher=|accessdate=2 June 2016}}</ref><ref name="MyUser_The_New_York_Times_August_27_2016c">{{cite web |url=https://www.nytimes.com/2016/01/05/technology/gm-invests-in-lyft.html |title=General Motors, Gazing at Future, Invests $500 Million in Lyft |newspaper=The New York Times |date= January 4, 2016 |author= |accessdate= August 27, 2016}}</ref>
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| 2016 || March || Partnerships || Lyft launches Express Drive, a car rental program through which Lyft drivers can rent a GM vehicle to drive on the platform.<ref name="MyUser_Recode.net_July_1_2016c">{{cite web |url=http://www.recode.net/2016/6/23/12009080/lyft-gm-expressdrive-dc-baltimore-boston |title=Lyft and GM are expanding their car rental program into three more cities - Recode |newspaper=Recode.net |date=  |author= |accessdate= July 1, 2016}}</ref>
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| 2016 || March || Product || Lyft and [[wikipedia:General Motors|General Motors]] announce partnership to test-drive electric taxis.<ref name="MyUser_The_Wall_Street_Journal_August_27_2016c">{{cite web |url=https://www.wsj.com/articles/gm-lyft-to-test-self-driving-electric-taxis-1462460094 |title=GM, Lyft to Test Self-Driving Electric Taxis |newspaper=The Wall Street Journal |date=  |author= |accessdate= August 27, 2016}}</ref>
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| 2016 || May 7–9 || Local retreat || On May 9, Uber and Lyft cease operations in [[wikipedia:Austin, Texas|Austin, Texas]].<ref>{{cite web|url = https://techcrunch.com/2016/05/09/uber-and-lyft-pause-austin-operations-in-standoff-over-regulation/|title = Uber and Lyft ‘pause’ Austin operations today in standoff over regulation|last = Kolodny|first = Lora|date = May 9, 2016|accessdate = August 14, 2016|publisher = ''[[wikipedia:TechCrunch|TechCrunch]]''}}</ref><ref>{{cite web|url = https://www.wsj.com/articles/texas-capital-city-votes-to-keep-fingerprinting-for-uber-lyft-drivers-1462796972|title = Uber, Lyft Shut Down in Austin Over Fingerprint Vote. Ride-hailing companies suspend operations in Austin|last = MacMillan|first = Douglas|last2 = Silverman|first2 = Rachel Emma|date = May 9, 2016|accessdate = August 14, 2016|publisher = ''[[wikipedia:Wall Street Journal|Wall Street Journal]]''}}</ref> This is in response to a city ordinance upheld by Austin voters on May 7 that would require drivers for Uber, Lyft, and other transportation network companies to get fingerprint checks, to have their vehicles labeled, and to not pick up and drop off in certain city lanes.<ref>{{cite web|url = https://techcrunch.com/2016/05/07/uber-and-lyft-shutdown-in-austin-after-voters-defeat-proposition-1/|title = Uber and Lyft shut down in Austin after voters defeat Proposition 1|last = Tepper|first = Fitz|date = May 7, 2016|accessdate = August 14, 2016|publisher = ''[[wikipedia:TechCrunch|TechCrunch]]''}}</ref><ref>{{cite web|url = http://www.usatoday.com/story/money/cars/2016/05/08/uber-lyft-halt-austin-service-after-losing-vote/84119554/|title = Uber, Lyft halt Austin service after losing vote|last = Woodyard|first = Chris|last2 = Toppo|first2 = Greg|date = May 8, 2016|accessdate = August 14, 2016|publisher = ''[[wikipedia:USA Today|USA Today]]''}}</ref>
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| 2016 || May 23 || Product || Lyft announces that it will now allow users to schedule trips ahead of time.<ref name="TCMay">{{cite web |url=https://techcrunch.com/2016/05/23/lyft-will-now-let-you-schedule-trips-ahead-of-time/ |title=Lyft will now let you schedule trips ahead of time |newspaper= |date=  |author= |accessdate= June 26, 2016}}</ref>
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| 2016 || June || Partnerships || Walmart decides to test grocery delivery with both Uber and Lyft.<ref name="WSJ-groceries">{{cite web |url=https://www.wsj.com/articles/wal-mart-to-test-grocery-delivery-with-uber-and-lyft-1464926454 |title=Wal-Mart to Test Grocery Delivery With Uber and Lyft |newspaper=The Wall Street Journal |date=  |author= |accessdate= August 27, 2016}}</ref>
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| 2016 || June 27 || Partnerships || Lyft announces that it has been working with Qatalyst Partners LP, in exploring its options for a future acquisition.<ref name="MyUser_The_Wall_Street_Journal_July_1_2016c">{{cite web |url=https://www.wsj.com/articles/lyft-hires-m-a-banker-qatalyst-partners-1467065007 |title=Lyft Hires M&A Banker Qatalyst Partners |newspaper=The Wall Street Journal |date=  |author= |accessdate= July 1, 2016}}</ref> It has been unable to find an acquirer as of August 2016.<ref name="MyUser_The_New_York_Times_August_22_2016c">{{cite web |url=https://www.nytimes.com/2016/08/20/technology/lyft-is-said-to-fail-to-find-a-buyer-despite-talks-with-several-companies.html?_r=0 |title=Lyft Is Said to Seek a Buyer, Without Success |newspaper=The New York Times |date=  |author= |accessdate= August 22, 2016}}</ref>
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|-
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| 2016 || August 1 || Local retreat, competition, mergers || Lyft's ally Didi Chuxing (formerly Didi Kuaidi), the dominant player in China's ridesharing market, agrees to buy Uber China, Uber's business in China.<ref>{{cite web|url = https://www.bloomberg.com/news/articles/2016-08-01/uber-said-to-merge-china-business-with-didi-in-35-billion-deal|title = In Deal With Didi, Uber Frees Itself to Expand in Other Markets|last = Newcomer|first = Eric|last2 = Wang|first2 = Selina|publisher = ''[[wikipedia:Bloomberg News|Bloomberg News]]''|date = August 1, 2016|accessdate = August 14, 2016}}</ref> <ref name="MyUser_Fortune.com_August_27_2016c">{{cite web |url=http://fortune.com/2016/08/01/didi-chuxing-allies-uber-merger/ |title=What Didi Chuxing's Allies Had to Say About Its Merger With Uber China |newspaper=Fortune.com |date=  |author= |accessdate= August 27, 2016}}</ref> The Uber brand will be retained, but Didi would “integrate the managerial and technological experience and expertise of the two teams.” Uber, which has reportedly lost $2 billion trying to make inroads in China, would therefore be able to cut its losses and focus on the rest of the Asian market.<ref>{{cite web|url = https://techcrunch.com/2016/08/01/didi-chuxing-confirms-it-is-buying-ubers-business-in-china/|title = Confirmed: Didi buys Uber China in a bid for profit, will keep Uber brand|last = Russell|first = Jon|last2 = Lunden|first2 = Ingrid|date = August 1, 2016|accessdate = August 14, 2016|publisher = ''[[wikipedia:TechCrunch|TechCrunch]]''}}</ref> Commentators speculate on the effect this would have on [[wikipedia:Lyft|Lyft]], [[wikipedia:Ola Cabs|Ola Cabs]], and [[wikipedia:GrabTaxi|GrabTaxi]], that had entered into a technology and service alliance with Didi in December 2015.<ref>{{cite web|url = https://techcrunch.com/2016/08/01/ubers-deal-with-didi-is-a-win-win-for-everyone-except-the-anti-uber-alliance/|title = Uber’s deal with Didi is a win-win for everyone — except the ‘Anti-Uber Alliance’|last = Russell|first = Jon|date = August 1, 2016|accessdate = August 14, 2016|publisher = ''[[wikipedia:TechCrunch|TechCrunch]]''}}</ref><ref>{{cite web|url = https://pando.com/2016/08/02/welcome-new-uber-didi-duopoly-suckers-three-options-lyft-has-left/|title = Welcome to the new Uber-Didi duopoly, suckers! The three options Lyft has left|last = Lacy|first = Sarah|date = August 2, 2016|accessdate = August 14, 2016|publisher = ''[[wikipedia:PandoDaily|PandoDaily]]''}}</ref>
 +
|-
 +
| 2016 || August 6 || Product || Lyf allows to make multiple stops on a trip with a new feature offering riders the ability to input an extra destination within the app. Passengers would be able to input their first destination, then add a second final destination by tapping the “+” icon on their app. They would also be able to remove a destination during the ride by tapping on it and selecting “Remove stop.” Like Uber, Lyft does allow passengers to change destinations mid-trip.<ref>{{cite web |title=Lyft is adding the ability to make multiple stops on a trip |url=https://www.theverge.com/2016/8/8/12402234/lyft-adding-feature-multiple-stops-app-announced |website=theverge.com |accessdate=24 March 2019}}</ref><ref>{{cite web |title=Lyft is fixing one of the most annoying problems riders have |url=https://www.businessinsider.com/ride-hailing-app-lyft-multiple-stops-option-2016-8 |website=businessinsider.com |accessdate=24 March 2019}}</ref><ref>{{cite web |title=Lyft Adds an App Feature for a Common Passenger Behavior |url=http://fortune.com/2016/08/08/lyft-add-stop-to-route/ |website=fortune.com |accessdate=24 March 2019}}</ref><ref>{{cite web |title=Lyft riders can now add more than one stop to their routes |url=https://www.recode.net/2016/8/8/12402528/lyft-multiple-stops-update |website=recode.net |accessdate=24 March 2019}}</ref>
 +
|-
 +
| 2016 || September || Company || Lyft establishes in {{w|Crystal City, Arlington, Virginia}}, as the new Mid-Atlantic regional headquarters for the company.<ref>{{cite web |title=Lyft chooses Crystal City for regional headquarters |url=https://www.wusa9.com/article/news/local/lyft-chooses-crystal-city-for-regional-headquarters/321939317 |website=wusa9.com |accessdate=24 March 2019}}</ref><ref>{{cite web |title=Lyft Chooses Arlington for New Mid-Atlantic Headquarters |url=https://patch.com/virginia/arlington-va/lyft-chooses-arlington-new-mid-atlantic-headquarters |website=patch.com |accessdate=24 March 2019}}</ref><ref>{{cite web |title=Lyft chooses Crystal City as its regional HQ |url=https://www.bizjournals.com/washington/news/2016/09/19/lyft-chooses-crystal-city-as-its-regional-hq.html |website=bizjournals.com |accessdate=24 March 2019}}</ref>
 +
|-
 +
| 2016 || November 29 || Product || Lyft adds option for passengers to get upfront pricing for each ride, by allowing the passenger to input the pickup location and exact destination address, and get an exact price quote for the ride, not just an estimated price range.<ref>{{cite web |title=Lyft Adds Option for Passengers to Get Upfront Pricing for Each Ride |url=http://fortune.com/2016/11/29/lyft-upfront-pricing/ |website=fortune.com |accessdate=24 March 2019}}</ref>
 +
|-
 +
| 2017 || January 29 || Donation || Lyft co-founders Logan Green and John Zimmer commit US$1 million in donations to the American Civil Liberties Union, to be spread over the next four years, "to defend the constitution".<ref>{{cite web |title=Lyft Pledges $1 Million to ACLU after Trump Travel Restrictions |url=http://fortune.com/2017/01/29/lyft-aclu-trump-travel-ban/ |website=fortune.com |accessdate=24 March 2019}}</ref><ref>{{cite web |title=Lyft is donating $1 million to the American Civil Liberties Union |url=https://www.theverge.com/2017/1/29/14429452/lyft-donating-1-million-american-civil-liberties-union |website=theverge.com |accessdate=24 March 2019}}</ref>
 +
|-
 +
| 2017 || March 26 || Product || Lyft announces new program that lets riders top off their fare to the nearest dollar, and donate the difference to one of a group of selected charities.<ref>{{cite web |title=Lyft to let passengers round up their fare and donate the difference to charity |url=https://techcrunch.com/2017/03/26/lyft-to-let-passengers-round-up-their-fare-and-donate-the-difference-to-charity/ |website=techcrunch.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft follows |url=https://mashable.com/2017/03/26/lyft-round-up-and-donate/#RbvTC4Gi0Pq8 |website=mashable.com |accessdate=25 March 2019}}</ref>
 +
|-
 +
| 2017 || April 11 || Funding || Lyft raises a total of US$600 million in new funding at a $7.5 billion valuation.<ref>{{cite web |title=Lyft just closed a $600 million round of new funding |url=https://www.recode.net/2017/4/11/15265332/lyft-raised-600-million-new-funding |website=recode.net |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft lands $600 million in fresh funding; company valued at $7.5 billion |url=https://www.reuters.com/article/us-lyft-funding-idUSKBN17D2I8 |website=reuters.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft raises $600M at $7.5B valuation |url=https://techcrunch.com/2017/04/11/lyft-raises-600m-at-7-5b-valuation/ |website=techcrunch.com |accessdate=25 March 2019}}</ref>
 +
|-
 +
| 2017 || May 14 || Partnerships || Lyft signs deal with {{w|Alphabet Inc}}’s self-driving car unit {{w|Waymo}}, with the purpose to bring autonomous vehicle technology into the mainstream through pilot projects and product development efforts.<ref>{{cite web |title=Lyft and Waymo Reach Deal to Collaborate on Self-Driving Cars |url=https://www.nytimes.com/2017/05/14/technology/lyft-waymo-self-driving-cars.html |website=nytimes.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft and Alphabet’s Waymo announce self-driving car alliance |url=https://www.ft.com/content/2aff787b-e7d4-3c16-adb9-289f46afe84a |website=ft.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft partners with Waymo to launch self-driving car pilots |url=https://www.nytimes.com/2017/05/14/technology/lyft-waymo-self-driving-cars.html |website=reuters.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=WAYMO AND LYFT JOIN FORCES IN THE OBSESSIVE PURSUIT OF DATA |url=https://www.wired.com/2017/05/waymo-lyft-join-forces-obsessive-pursuit-data/ |website=wired.com |accessdate=25 March 2019}}</ref>
 +
|-
 +
| 2017 || June 26 || Product || Lyft announces pickup suggestions in its app update, making it easier for drivers to pick riders up without having to do traffic gymnastics, while also hopefully saving riders time.<ref>{{cite web |title=Lyft adds pickup suggestions for smoother ride routing |url=https://techcrunch.com/2017/06/26/lyft-adds-pickup-suggestions-for-smoother-ride-routing/ |website=techcrunch.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft is now suggesting more convenient pickup locations, because a little walking won’t kill you |url=https://www.theverge.com/2017/6/26/15875220/lyft-suggested-pickup-location-walking |website=theverge.com |accessdate=25 March 2019}}</ref>
 +
|-
 +
| 2017 || September 7 || Partnerships || Lyft partners with American technology company {{w|Drive.ai}} to launch fleet of self-driving cars.<ref>{{cite web |title=LYFT IS LAUNCHING A FLEET OF SELF-DRIVING CARS IN SAN FRANCISCO |url=https://www.wired.com/story/lyft-self-driving-cars-san-francisco-bay-area/ |website=wired.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft is partnering with Drive.ai to offer its first rides in self-driving cars |url=https://www.wired.com/story/lyft-self-driving-cars-san-francisco-bay-area/ |website=qz.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft and Drive.ai partner on Bay Area self-driving ride-hailing pilot |url=https://techcrunch.com/2017/09/07/lyft-and-drive-ai-partner-on-bay-area-self-driving-ride-hailing-pilot/ |website=techcrunch.com |accessdate=25 March 2019}}</ref>
 +
|-
 +
| 2017 || October 20 || Funding || Lyft secures a US$1 billion investment from a Google-led consortium, and reaches a valuation of US$11 billion.<ref>{{cite web |title=Lyft taxi app boosted by $1bn investment from Google-led consortium |url=https://www.theguardian.com/technology/2017/oct/20/lyft-taxi-app-google-funding-capitalg |website=theguardian.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Alphabet Unit Leads $1 Billion Investment in Lyft |url=https://www.bloomberg.com/news/articles/2017-10-19/alphabet-unit-leads-1-billion-investment-in-startup-lyft |website=bloomberg.com |accessdate=25 March 2019}}</ref>
 +
|-
 +
| 2018 || March 14 || || Canadian automotive parts supplier {{w|Magna International}} announces US$200 million in investment in Lyft, to manufacture self-driving cars.<ref>{{cite web |title=Auto parts maker Magna invests $200 million in Lyft |url=https://www.reuters.com/article/us-lyft-investment-magna-intl/auto-parts-maker-magna-invests-200-million-in-lyft-idUSKCN1GQ399 |website=reuters.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft to Bring Driverless Car Tech to Broader Auto Industry |url=https://www.nytimes.com/2018/03/14/technology/lyft-magna-driverless-cars.html |website=nytimes.com |accessdate=25 March 2019}}</ref>
 +
|-
 +
| 2018 || March 15 || Product || Lyft announces testing a monthly subscription plan for people who tend to take a lot of rides.<ref>{{cite web |title=Lyft is testing a Netflix-style monthly subscription plan |url=https://www.theverge.com/2018/3/15/17127002/lyft-all-access-monthly-subscription |website=theverge.com |accessdate=26 March 2019}}</ref><ref>{{cite web |title=Lyft is testing monthly subscriptions for riders |url=https://techcrunch.com/2018/03/15/lyft-is-testing-monthly-subscriptions-for-riders/ |website=techcrunch.com |accessdate=26 March 2019}}</ref><ref>{{cite web |title=Lyft begins testing monthly subscription plans |url=https://www.cnet.com/news/lyft-begins-testing-monthly-subscription-plans/ |website=cnet.com |accessdate=26 March 2019}}</ref>
 +
|-
 +
| 2018 || April || Financial || Lyft announces in its blog post that as of last month, its drivers were making US$18.83 an hour, on average, while working, including idle time they spent waiting for requests. In Lyft's top 25 markets, that average bumped up to $21.08 an hour.<ref>{{cite web |title=What you can make driving with Lyft |url=https://medium.com/@lauracope/what-you-can-make-driving-with-lyft-f9a840cc20d9 |website=medium.com |accessdate=26 March 2019}}</ref><ref>{{cite web |title=How much do Lyft drivers earn an hour? It’s complicated |url=https://www.theverge.com/2018/4/12/17230500/lyft-driver-pay-earnings-hourly-expenses |website=theverge.com |accessdate=26 March 2019}}</ref><ref>{{cite web |title=Lyft breaks down how much drivers can make |url=https://techcrunch.com/2018/04/12/lyft-breaks-down-how-much-drivers-can-make/ |website=techcrunch.com |accessdate=26 March 2019}}</ref>
 +
|-
 +
| 2018 || April 19 || || Lyft announces plan to invest millions of dollars in effort to become completely carbon neutral. Within the first year of the effort, the company says it expects to be able to offset about one million metric tons of carbon.<ref>{{cite web |title=Lyft will invest ‘millions’ in effort to become completely carbon neutral |url=https://www.theverge.com/2018/4/19/17254902/lyft-carbon-neutral-offset-3degrees |website=theverge.com |accessdate=26 March 2019}}</ref><ref>{{cite web |title=Lyft invests millions of dollars to offset its effect on climate change |url=https://techcrunch.com/2018/04/19/lyft-invests-millions-of-dollars-to-offset-its-effect-on-climate-change/ |website=techcrunch.com |accessdate=26 March 2019}}</ref><ref>{{cite web |title=Every Lyft ride to be offset by a carbon credit to reduce global warming |url=https://www.usatoday.com/story/tech/2018/04/19/every-lyft-ride-offset-carbon-tax-reduce-global-warming/528483002/ |website=usatoday.com |accessdate=26 March 2019}}</ref><ref>{{cite web |title=Lyft is making all their rides carbon neutral |url=https://inhabitat.com/lyft-is-making-all-their-rides-carbon-neutral/ |website=inhabitat.co |accessdate=26 March 2019}}</ref>
 +
|-
 +
| 2018 || June 27 || Funding || Lyft raises an additional US$600 million in financing round led by {{w|Fidelity Investments}}, pushing its post-money valuation to $15.1 billion.<ref>{{cite web |title=Lyft valuation hits $15.1 billion after fresh $600 million in funding |url=https://techcrunch.com/2018/06/27/lyft-15-billion-600-million-funding-round/ |website=techcrunch.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft is now worth $15.1 billion |url=https://www.cnbc.com/2018/06/27/lyft-valuation-now-reported-15-billion.html |website=cnbc.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft Valuation Hits $15 Billion With Boost From Fidelity |url=https://www.bloomberg.com/news/articles/2018-06-27/lyft-valuation-hits-15-billion-as-fidelity-boosts-uber-s-rival |website=bloomberg.com |accessdate=25 March 2019}}</ref> 
 +
|-
 +
| 2018 || July 2 || Acquisition || Lyft announces the acquisition of Motivate –a New York-based company that operates bikeshare systems, for a reported US$250 million.<ref>{{cite web |title=Lyft buys the biggest bike-sharing company in the US |url=https://www.theverge.com/2018/7/2/17526892/lyft-buys-motivate-bike-sharing-expansion |website=theverge.com |accessdate=26 March 2019}}</ref><ref>{{cite web |title=Lyft Just Became America’s Biggest Bikeshare Company |url=https://www.citylab.com/transportation/2018/07/lyft-buys-motivate-bikesharing-systems/564347/ |website=citylab.com |accessdate=26 March 2019}}</ref><ref>{{cite web |title=LYFT’S BIG BIKE-SHARE BUY IS ABOUT RULING THE STREETS |url=https://www.wired.com/story/lyft-motivate-bike-share-aquisition/ |website=wired.com |accessdate=26 March 2019}}</ref>
 +
|-
 +
| 2018 || September 6 || Product || Lyft launches its scooter business by introducing its first electric scooters in {{w|Denver}}.<ref>{{cite web |title=Lyft rolls out its first electric scooters in Denver |url=https://www.theverge.com/2018/9/6/17824040/lyft-electric-scooter-denver-dockless-public-transportation |website=theverge.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft launches its scooter business in Denver |url=https://techcrunch.com/2018/09/06/lyft-launches-its-scooter-business-in-denver/ |website=techcrunch.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft's first electric scooters arrive in Denver |url=https://www.engadget.com/2018/09/06/lyft-electric-scooters-denver/ |website=engadget.com |accessdate=25 March 2019}}</ref>
 +
|-
 +
| 2018 || December 6 || Financial || Lyft announces that it has confidentially submitted a draft registration statement on {{w|Form S-1}} with the [[w:U.S. Securities and Exchange Commission|Securities and Exchange Commission]], relating to the proposed initial public offering of its common stock.<ref>{{cite web |title=Lyft Sets Stage for Early 2019 IPO |url=https://www.wsj.com/articles/lyft-proceeds-with-ipo-plans-1544099168 |website=wsj.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft files IPO documents with SEC |url=https://techcrunch.com/2018/12/06/lyft-ipo/ |website=techcrunch.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft sets itself up to be one of first large tech flotations of 2019 |url=https://www.theguardian.com/technology/2018/dec/06/lyft-sets-itself-up-to-be-one-of-first-large-tech-flotations-of-2019 |website=theguardian.com |accessdate=25 March 2019}}</ref><ref>{{cite web |title=Lyft Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering |url=https://www.prnewswire.com/news-releases/lyft-announces-confidential-submission-of-draft-registration-statement-for-proposed-initial-public-offering-300761224.html |website=prnewswire.com |accessdate=25 March 2019}}</ref>
 +
|-
 +
| 2019 || March 18 || Financial || Lyft sets a price range for its {{w|initial public offering}}, predicting investors would buy the stock for between US$62 and $68 a share. The company expects to raise as much as $2.1 billion through the sale of stock.<ref>{{cite web |title=Lyft plans to raise more than $2 billion in its IPO |url=https://edition.cnn.com/2019/03/18/tech/lyft-ipo/index.html |website=edition.cnn.com |accessdate=4 April 2019}}</ref><ref>{{cite web |title=Lyft Seeks Valuation of Up to $23 Billion in IPO |url=https://www.wsj.com/articles/lyft-to-seek-valuation-of-up-to-23-billion-in-its-ipo-11552876866 |website=wsj.com |accessdate=4 April 2019}}</ref> 
 +
|-
 +
| 2019 || March 28 || Financial || {{w|Lyft}} announces the pricing of its {{w|initial public offering}} of its Class A {{w|common stock}} at a price of US$72.00 per share. The company offers 32,500,000 shares of its Class A common stock, plus up to an additional 4,875,000 shares that the underwriters have the option to purchase.<ref>{{cite web |title=Lyft Announces Pricing of Initial Public Offering |url=https://www.prnewswire.com/news-releases/lyft-announces-pricing-of-initial-public-offering-300820699.html |website=prnewswire.com |accessdate=4 April 2019}}</ref>
 +
|-
 +
| 2019 || March 29 || Financial || {{w|Lyft}} debuts on {{w|Nasdaq}} under the symbol “LYFT.”<ref>{{cite web |title=Ride-hailing firm Lyft launches IPO road show in Uber's shadow |url=https://www.reuters.com/article/us-lyft-ipo/lyft-expects-to-raise-as-much-as-2-billion-in-ipo-idUSKCN1QZ10Z?feedType=RSS&feedName=businessNews |website=reuters.com |accessdate=15 April 2019}}</ref>
 +
|-
 +
| 2019 || April || Financial || Lyft shares fall to as much as 6.8%, touching a record low of US$55.85 against the $72 IPO price. Since its debut on March 29, the company cumulates more trading days in the negative than positive.<ref>{{cite web |title=Lyft Shares Continue to Slide as Short Bets Keep Piling Up |url=https://www.bloomberg.com/news/articles/2019-04-15/lyft-shares-continue-to-slide-as-short-bets-keep-piling-up |website=bloomberg.com |accessdate=15 April 2019}}</ref>
 +
|-
 +
|}
 +
 
 +
==See also==
 +
 
 +
*[[Timeline of Uber]]
 +
 
 +
==References==
 +
{{reflist|30em}}
 +
 
 +
{{Technology company timelines}}
 +
 
 +
[[wikipedia:Category:Technology company timelines|Lyft]]

Latest revision as of 10:16, 15 April 2019

The content on this page is forked from the English Wikipedia page entitled "Timeline of Lyft". The original page still exists at Timeline of Lyft. The original content was released under the Creative Commons Attribution/Share-Alike License (CC-BY-SA), so this page inherits this license.

This is a timeline of Lyft, a car-hailing platform.

Big picture

Time period Key developments at Lyft
2012–2014 Lyft launches in San Francisco, and expands to at least 60 different cities by 2014. A year after launch, it gives 30,000 rides a week. By August 2013, it hits a million completed rides.
2014–2016 Lyft gets Series E and Series F round investments (including from General Motors), increasing its total raised to $1 billion and its valuation to $2.5 billion.
2017 Lyft expands to cover around 94% of U.S. residents, up from around 60% at the start of the year. The company reaches valuaton of US$11 billion.[1] 375.5 million rides are reported, an increase of 130% over the previous year. The number of Lyft passengers grows 92% from 2016, to 23 million, and the number of Lyft drivers doubles to 1.4 million.[2]
2018 Lyft announces plan to become completely carbon neutral. The company reaches valuation of US$24 billion. Revenue is reported at US$2.2 billion and net loss of $911.3 million.[3]
2019 Lyft files its Initial public offering.

Full timeline

Year Month and date Event type Details
2012 June Company Lyft launches in San Francisco by Logan Green and John Zimmer as a service of Zimride, a ridesharing company the two founded in 2007.[4]
2013 January Funding Lyft raises $15 million in Series B led by Founders Fund.[5]
2013 January 30 Expansion Lyft expands to Los Angeles.[6]
2013 May Funding Lyft completes a US $60 million Series C venture financing round led by Andreessen Horowitz; the other investors were Founders Fund, Mayfield Fund, K9 Ventures, and Floodgate.[7][8]
2013 July Partnerships Lyft sells Zimride to Enterprise Holdings, the parent company of Enterprise Rent-A-Car, allowing Lyft to focus exclusively on the growth of Lyft.[9]
2013 October 3 Expansion Lyft announces its expansion to Silicon Valley.[10]
2014 April Funding Lyft completes a $250 million Series D financing round led by Coatue, Alibaba, and Andreessen Horowitz, bringing its total amount raised to $332.5 million.[5]
2014 April Funding Lyft announces it will temporarily stop taking 20% commissions from drivers, as it experiments with cutting user fares by 20%.[11][12]
2014 April 24 Expansion Lyft announces it will expand in 24 new markets, bringing its total number of markets to 60. These markets include Ann Arbor, Mich.; Fairfield County & New Haven, Conn.; Fresno, Calif.; Jacksonville, Fla.; Louisville, Ky.; Modesto, Calif.; Newark & North Jersey; Oklahoma City, Okla.; Raleigh-Durham, N.C.; San Bernardino, Calif.; and Tulsa, Okla.[13]
2014 July Product Lyft rewrites all its code from Objective C to Swift, which makes the code tighter and easier to maintain.[14]
2014 July 24 Expansion Lyft launches in New York City.[15][16] The New York Supreme Court in Manhattan forces Lyft to delay its planned launch in Brooklyn and Queens in response to complaints filed by the attorney general's office.[17]
2014 August 4 Product Lyft announces Lyft Line, a carpooling service that lets multiple people ride together when they share a common route.[18]
2014 August Competition Journalists confirm that Uber has been sending so-called brand ambassadors to order Lyft rides undercover and then persuade the drivers to defect to Uber.[19][20]
2014 August Product Lyft announces that it will reintroduce 20% commissions on rides, provide Lyft’s first revenue since April, when the company slashed prices and said it would temporarily suspend its cut of all fares.[12]
2014 November 4 Legal Lyft accuses former COO Travis VanderZanden (who left Lyft for Uber) for breach of his confidentiality agreement and fiduciary duty.[21] This lawsuit is settled by June 2016.[22]
2015 March Funding Lyft raises a $530 million Series E investment led by Japanese online retailer Rakuten Inc.[5][23]
2015 March Product Lyft announces Lyft Carpool, which lets it go back to its Zimride roots, by allowing passengers to carpool outside of city limits.[24]
2015 April Team Lyft hires Rex Tibbens, former vice president of Amazon logistics, as its chief operating officer.[25]
2015 May Funding Lyft raises $150 million in second Series E led by a $100 million investment from Carl Icahn. This increases the total raised to over $1 billion and the valuation to $2.5 billion.[5][26][27]
2015 June 25 Partnerships Lyft announces a partnership with Starbucks, which connects Lyft with Starbucks’s rewards program and creates perks for drivers: Lyft drivers automatically get Gold status in the Starbucks Rewards loyalty program, while Lyft passengers earn points in the rewards program with each ride.[28]
2015 September 16 Competition Didi Kuaidi, the dominant Chinese player in China's ride-hailing market, announces a $100 million investment in Lyft, the second biggest player in the United States ride-hailing market after Uber. In addition, the companies announce a strategic partnership, where people can use the Lyft app to get rides using Didi Kuaidi in China, and vice versa.[29]
2015 September 30 Company Lyft announces its second engineering hub in Seattle.[30]
2015 December International Lyft's alliance grows to include Didi Kuaidi (China), Ola Cabs (India), and GrabTaxi (South-East Asia) (all of which have Softbank as an investor). This is widely seen as an attempt by the companies to keep Uber at bay. All the other companies in the partnership are market leaders in their respective regions of focus.[31][32]
2016 January 4 Funding Lyft announces a partnership with U.S. automaker General Motors, which invests $500 million as part of a Series F $1 Billion fundraising effort. The partnership is designed to help both companies accelerate in the ride-sharing market, as well as the autonomous car arena.[5][33][34]
2016 March Partnerships Lyft launches Express Drive, a car rental program through which Lyft drivers can rent a GM vehicle to drive on the platform.[35]
2016 March Product Lyft and General Motors announce partnership to test-drive electric taxis.[36]
2016 May 7–9 Local retreat On May 9, Uber and Lyft cease operations in Austin, Texas.[37][38] This is in response to a city ordinance upheld by Austin voters on May 7 that would require drivers for Uber, Lyft, and other transportation network companies to get fingerprint checks, to have their vehicles labeled, and to not pick up and drop off in certain city lanes.[39][40]
2016 May 23 Product Lyft announces that it will now allow users to schedule trips ahead of time.[41]
2016 June Partnerships Walmart decides to test grocery delivery with both Uber and Lyft.[42]
2016 June 27 Partnerships Lyft announces that it has been working with Qatalyst Partners LP, in exploring its options for a future acquisition.[43] It has been unable to find an acquirer as of August 2016.[44]
2016 August 1 Local retreat, competition, mergers Lyft's ally Didi Chuxing (formerly Didi Kuaidi), the dominant player in China's ridesharing market, agrees to buy Uber China, Uber's business in China.[45] [46] The Uber brand will be retained, but Didi would “integrate the managerial and technological experience and expertise of the two teams.” Uber, which has reportedly lost $2 billion trying to make inroads in China, would therefore be able to cut its losses and focus on the rest of the Asian market.[47] Commentators speculate on the effect this would have on Lyft, Ola Cabs, and GrabTaxi, that had entered into a technology and service alliance with Didi in December 2015.[48][49]
2016 August 6 Product Lyf allows to make multiple stops on a trip with a new feature offering riders the ability to input an extra destination within the app. Passengers would be able to input their first destination, then add a second final destination by tapping the “+” icon on their app. They would also be able to remove a destination during the ride by tapping on it and selecting “Remove stop.” Like Uber, Lyft does allow passengers to change destinations mid-trip.[50][51][52][53]
2016 September Company Lyft establishes in Crystal City, Arlington, Virginia, as the new Mid-Atlantic regional headquarters for the company.[54][55][56]
2016 November 29 Product Lyft adds option for passengers to get upfront pricing for each ride, by allowing the passenger to input the pickup location and exact destination address, and get an exact price quote for the ride, not just an estimated price range.[57]
2017 January 29 Donation Lyft co-founders Logan Green and John Zimmer commit US$1 million in donations to the American Civil Liberties Union, to be spread over the next four years, "to defend the constitution".[58][59]
2017 March 26 Product Lyft announces new program that lets riders top off their fare to the nearest dollar, and donate the difference to one of a group of selected charities.[60][61]
2017 April 11 Funding Lyft raises a total of US$600 million in new funding at a $7.5 billion valuation.[62][63][64]
2017 May 14 Partnerships Lyft signs deal with Alphabet Inc’s self-driving car unit Waymo, with the purpose to bring autonomous vehicle technology into the mainstream through pilot projects and product development efforts.[65][66][67][68]
2017 June 26 Product Lyft announces pickup suggestions in its app update, making it easier for drivers to pick riders up without having to do traffic gymnastics, while also hopefully saving riders time.[69][70]
2017 September 7 Partnerships Lyft partners with American technology company Drive.ai to launch fleet of self-driving cars.[71][72][73]
2017 October 20 Funding Lyft secures a US$1 billion investment from a Google-led consortium, and reaches a valuation of US$11 billion.[74][75]
2018 March 14 Canadian automotive parts supplier Magna International announces US$200 million in investment in Lyft, to manufacture self-driving cars.[76][77]
2018 March 15 Product Lyft announces testing a monthly subscription plan for people who tend to take a lot of rides.[78][79][80]
2018 April Financial Lyft announces in its blog post that as of last month, its drivers were making US$18.83 an hour, on average, while working, including idle time they spent waiting for requests. In Lyft's top 25 markets, that average bumped up to $21.08 an hour.[81][82][83]
2018 April 19 Lyft announces plan to invest millions of dollars in effort to become completely carbon neutral. Within the first year of the effort, the company says it expects to be able to offset about one million metric tons of carbon.[84][85][86][87]
2018 June 27 Funding Lyft raises an additional US$600 million in financing round led by Fidelity Investments, pushing its post-money valuation to $15.1 billion.[88][89][90]
2018 July 2 Acquisition Lyft announces the acquisition of Motivate –a New York-based company that operates bikeshare systems, for a reported US$250 million.[91][92][93]
2018 September 6 Product Lyft launches its scooter business by introducing its first electric scooters in Denver.[94][95][96]
2018 December 6 Financial Lyft announces that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission, relating to the proposed initial public offering of its common stock.[97][98][99][100]
2019 March 18 Financial Lyft sets a price range for its initial public offering, predicting investors would buy the stock for between US$62 and $68 a share. The company expects to raise as much as $2.1 billion through the sale of stock.[101][102]
2019 March 28 Financial Lyft announces the pricing of its initial public offering of its Class A common stock at a price of US$72.00 per share. The company offers 32,500,000 shares of its Class A common stock, plus up to an additional 4,875,000 shares that the underwriters have the option to purchase.[103]
2019 March 29 Financial Lyft debuts on Nasdaq under the symbol “LYFT.”[104]
2019 April Financial Lyft shares fall to as much as 6.8%, touching a record low of US$55.85 against the $72 IPO price. Since its debut on March 29, the company cumulates more trading days in the negative than positive.[105]

See also

References

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