How Lyft’s Ride-Sharing Business Works (And Doesn’t)

Thanks to its IPO, Lyft — which lost $978 million in 2018 — is now worth a very large sum of money. Here’s why.

Alexis C. Madrigal
Mar 29 · 4 min read
The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Photo: Don Emmert/Getty Images

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Alexis C. Madrigal

Written by

Writer, @TheAtlantic. Host of the Containers podcast on global trade and technology. Author of Powering the Dream. @WIRED, @Fusion alum. Married to @sarahrich.

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