As cities reopen, Lyft rides slowly ramp up

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As cities reopen, Lyft rides slowly ramp up

We’re starting to get antsy after two months of social distancing due to the novel coronavirus, and you can tell as more people order rides from services like Lyft.

It’s not surprising that ride-hailing app Lyft saw rides drop 75 percent last month compared to April last year, as its executives explained during an earnings call on Wednesday. But if you look at what’s already happening in cities that are starting to ease social distancing measures, you’ll notice ride-sharing is starting to inch back up — at least just a little. 

Lyft co-founders Logan Green and John Zimmer outlined how many major U.S. cities have been seeing growth, even if small, over the past three weeks. Rides are up in Atlanta, Houston, New Orleans, and Chicago. Even New York City and Seattle bumped up in rides in the last week of April. Read more…

More about Lyft, Ride Hailing Apps, Coronavirus, Tech, and Transportation



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