Lyft announced a new round of funding at $600 million, putting the rideshare company at a $7.5 billion valuation.
It wasn’t that long ago when people were questioning whether or not Lyft could survive against Uber. The tables have turned at least for the moment. Uber is awash in controversy while Lyft is enjoying some positive momentum
Uber still owns the majority of the rideshare market in the U.S. (>80%), but the controversies keep coming. Just yesterday it was reported Uber’s Head of Communications, Rachel Whetstone, is leaving the company. Kara Swisher reports, “sources close to the matter said that the decision to leave was multi-faceted, including Whetstone’s lack of appetite for even more drama.”