<s>
Lyft	B-Application
,	I-Application
Inc	I-Application
.	I-Application
offers	O
mobility	O
as	O
a	O
service	O
,	O
ride-hailing	O
,	O
vehicles	O
for	O
hire	O
,	O
motorized	O
scooters	O
,	O
a	O
bicycle-sharing	O
system	O
,	O
rental	O
cars	O
,	O
and	O
food	O
delivery	O
in	O
the	O
United	O
States	O
and	O
select	O
cities	O
in	O
Canada	O
.	O
</s>
<s>
Lyft	B-Application
sets	O
fares	O
,	O
which	O
vary	O
using	O
a	O
dynamic	O
pricing	O
model	O
based	O
on	O
local	O
supply	O
and	O
demand	O
at	O
the	O
time	O
of	O
the	O
booking	O
and	O
are	O
quoted	O
to	O
the	O
customer	O
in	O
advance	O
,	O
and	O
receives	O
a	O
commission	O
from	O
each	O
booking	O
.	O
</s>
<s>
Lyft	B-Application
is	O
the	O
second-largest	O
ridesharing	O
company	O
in	O
the	O
United	O
States	O
after	O
Uber	B-Application
.	O
</s>
<s>
Lyft	B-Application
was	O
launched	O
in	O
the	O
summer	O
of	O
2012	O
by	O
computer	O
programmers	O
Logan	O
Green	O
and	O
John	O
Zimmer	O
as	O
a	O
service	O
of	O
Zimride	O
,	O
a	O
long-distance	O
intercity	O
carpooling	O
company	O
focused	O
on	O
college	O
transport	O
that	O
they	O
founded	O
in	O
2007	O
after	O
Green	O
shared	O
rides	O
from	O
the	O
University	O
of	O
California	O
,	O
Santa	O
Barbara	O
campus	O
to	O
visit	O
his	O
girlfriend	O
in	O
Los	O
Angeles	O
and	O
was	O
seeking	O
an	O
easier	O
way	O
to	O
share	O
rides	O
.	O
</s>
<s>
In	O
May	O
2013	O
,	O
the	O
company	O
made	O
the	O
decision	O
to	O
change	O
its	O
name	O
from	O
Zimride	O
to	O
Lyft	B-Application
.	O
</s>
<s>
Later	O
that	O
year	O
,	O
Lyft	B-Application
sold	O
the	O
original	O
Zimride	O
service	O
to	O
Enterprise	O
Holdings	O
,	O
the	O
parent	O
company	O
of	O
Enterprise	O
Rent-A-Car	O
,	O
to	O
enable	O
the	O
company	O
to	O
focus	O
exclusively	O
on	O
the	O
growth	O
of	O
Lyft	B-Application
.	O
</s>
<s>
Lyft	B-Application
's	O
marketing	O
strategy	O
included	O
large	O
pink	O
furry	O
mustaches	O
that	O
drivers	O
attached	O
to	O
the	O
front	O
of	O
their	O
cars	O
and	O
encouraging	O
riders	O
to	O
sit	O
in	O
the	O
front	O
seat	O
and	O
fist	O
bump	O
with	O
drivers	O
upon	O
meeting	O
.	O
</s>
<s>
In	O
January	O
2015	O
,	O
Lyft	B-Application
introduced	O
a	O
small	O
,	O
glowing	O
plastic	O
dashboard	O
mustache	O
it	O
called	O
a	O
"	O
glowstache	O
"	O
as	O
an	O
alternative	O
to	O
the	O
large	O
fuzzy	O
mustaches	O
on	O
the	O
front	O
of	O
cars	O
.	O
</s>
<s>
In	O
April	O
2014	O
,	O
Lyft	B-Application
hired	O
two	O
lobbying	O
firms	O
,	O
TwinLogic	O
Strategies	O
,	O
and	O
Jochum	O
Shore	O
&	O
Trossevin	O
,	O
to	O
address	O
the	O
regulatory	O
barriers	O
and	O
opposition	O
it	O
had	O
received	O
since	O
its	O
launch	O
.	O
</s>
<s>
Due	O
to	O
regulatory	O
hurdles	O
in	O
New	O
York	O
City	O
,	O
the	O
company	O
altered	O
its	O
business	O
model	O
when	O
establishing	O
Lyft	B-Application
on	O
the	O
East	O
Coast	O
of	O
the	O
United	O
States	O
.	O
</s>
<s>
Lyft	B-Application
's	O
launch	O
in	O
New	O
York	O
City	O
occurred	O
on	O
the	O
evening	O
of	O
July	O
25	O
,	O
2014	O
,	O
and	O
,	O
by	O
the	O
Taxi	O
and	O
Limousine	O
Commission	O
(	O
TLC	O
)	O
and	O
the	O
approval	O
of	O
the	O
Manhattan	O
Supreme	O
Court	O
,	O
only	O
drivers	O
registered	O
with	O
the	O
TLC	O
were	O
permitted	O
to	O
drive	O
Lyft-branded	O
vehicles	O
in	O
New	O
York	O
City	O
.	O
</s>
<s>
In	O
December	O
2017	O
,	O
Lyft	B-Application
expanded	O
into	O
Canada	O
,	O
with	O
operations	O
in	O
the	O
Toronto	O
,	O
Hamilton	O
and	O
Ottawa	O
metropolitan	O
areas	O
.	O
</s>
<s>
In	O
March	O
2018	O
,	O
Lyft	B-Application
partnered	O
with	O
Allscripts	O
to	O
create	O
a	O
platform	O
allowing	O
healthcare	O
providers	O
to	O
arrange	O
rides	O
for	O
patients	O
who	O
lack	O
transportation	O
to	O
appointments	O
.	O
</s>
<s>
Lyft	B-Application
acquired	O
Motivate	O
,	O
a	O
bicycle-sharing	O
system	O
and	O
the	O
operator	O
of	O
Capital	O
Bikeshare	O
and	O
Citi	O
Bike	O
,	O
in	O
November	O
2018	O
.	O
</s>
<s>
In	O
March	O
2019	O
,	O
Lyft	B-Application
became	O
a	O
public	O
company	O
via	O
an	O
initial	O
public	O
offering	O
,	O
raising	O
$2.34	O
billion	O
at	O
a	O
valuation	O
of	O
$24.3	O
billion	O
.	O
</s>
<s>
In	O
March	O
2020	O
,	O
Lyft	B-Application
acquired	O
Halo	O
Cars	O
which	O
pays	O
drivers	O
to	O
display	O
digital	O
advertisements	O
on	O
their	O
vehicles	O
.	O
</s>
<s>
In	O
April	O
2020	O
,	O
Lyft	B-Application
laid	O
off	O
982	O
employees	O
and	O
furloughed	O
an	O
additional	O
288	O
to	O
reduce	O
operating	O
expenses	O
and	O
adjust	O
cash	O
flows	O
due	O
to	O
the	O
COVID-19	O
pandemic	O
in	O
the	O
United	O
States	O
.	O
</s>
<s>
The	O
company	O
continued	O
to	O
offer	O
scooters	O
for	O
rent	O
in	O
San	O
Francisco	O
,	O
while	O
Miami	O
government	O
asked	O
Lyft	B-Application
to	O
halt	O
operations	O
.	O
</s>
<s>
In	O
August	O
2020	O
,	O
Lyft	B-Application
partnered	O
with	O
rental	O
car	O
company	O
Sixt	O
to	O
let	O
users	O
access	O
rental	O
cars	O
.	O
</s>
<s>
Lyft	B-Application
receives	O
commissions	O
from	O
rentals	O
.	O
</s>
<s>
In	O
December	O
2020	O
,	O
Lyft	B-Application
announced	O
plans	O
to	O
launch	O
a	O
multi-city	O
U.S.	O
robotaxi	O
service	O
in	O
2023	O
with	O
Motional	O
.	O
</s>
<s>
Lyft	B-Application
sold	O
its	O
self-driving	O
car	O
division	O
to	O
Toyota	O
for	O
$550	O
million	O
in	O
April	O
2021	O
.	O
</s>
<s>
It	O
also	O
owned	O
Blue	O
Vision	O
Labs	O
,	O
a	O
London-based	O
augmented	B-General_Concept
reality	I-General_Concept
startup	O
,	O
acquired	O
in	O
2018	O
for	O
$72	O
million	O
.	O
</s>
<s>
In	O
April	O
2022	O
,	O
Lyft	B-Application
announced	O
an	O
agreement	O
to	O
acquire	O
PBSC	O
Urban	O
Solutions	O
,	O
a	O
Canadian	O
bike-share	O
equipment	O
and	O
technology	O
supplier	O
.	O
</s>
<s>
In	O
March	O
2023	O
,	O
amid	O
"	O
a	O
battered	O
stock	O
price	O
,	O
"	O
Lyft	B-Application
announced	O
David	O
Risher	O
as	O
its	O
next	O
CEO	O
.	O
</s>
<s>
In	O
June	O
2013	O
,	O
Lyft	B-Application
completed	O
a	O
$60	O
million	O
Series	O
C	O
venture	O
financing	O
round	O
led	O
by	O
Andreessen	O
Horowitz	O
,	O
bringing	O
its	O
total	O
amount	O
raised	O
to	O
$83	O
million	O
.	O
</s>
<s>
In	O
July	O
2013	O
,	O
Lyft	B-Application
sold	O
Zimride	O
to	O
Enterprise	O
Holdings	O
,	O
the	O
parent	O
company	O
of	O
Enterprise	O
Rent-A-Car	O
,	O
enabling	O
the	O
company	O
to	O
focus	O
exclusively	O
on	O
the	O
growth	O
of	O
Lyft	B-Application
.	O
</s>
<s>
In	O
April	O
2014	O
,	O
Lyft	B-Application
completed	O
a	O
$250	O
million	O
Series	O
D	O
financing	O
round	O
led	O
by	O
Coatue	O
,	O
Alibaba	O
,	O
and	O
Andreessen	O
Horowitz	O
,	O
bringing	O
its	O
total	O
amount	O
raised	O
to	O
$332.5	O
million	O
.	O
</s>
<s>
In	O
January	O
2016	O
,	O
Lyft	B-Application
announced	O
the	O
closing	O
of	O
a	O
1	O
billion	O
Series	O
F	O
financing	O
round	O
led	O
by	O
GM	O
,	O
which	O
contributed	O
$500	O
million	O
of	O
the	O
total	O
,	O
bringing	O
its	O
total	O
amount	O
raised	O
to	O
date	O
to	O
$2.01	O
billion	O
.	O
</s>
<s>
On	O
April	O
11	O
,	O
2017	O
,	O
Lyft	B-Application
closed	O
a	O
$600	O
million	O
Series	O
G	O
financing	O
round	O
which	O
included	O
investors	O
such	O
as	O
Kohlberg	O
Kravis	O
Roberts	O
and	O
PSP	O
Investments	O
.	O
</s>
<s>
On	O
December	O
5	O
,	O
2017	O
,	O
Lyft	B-Application
announced	O
a	O
Series	O
H	O
financing	O
round	O
worth	O
$1.5	O
billion	O
led	O
by	O
Alphabet	O
Inc	O
.	O
</s>
<s>
The	O
legality	B-Architecture
of	I-Architecture
ridesharing	I-Architecture
companies	I-Architecture
by	I-Architecture
jurisdiction	I-Architecture
varies	O
;	O
in	O
some	O
areas	O
they	O
have	O
been	O
banned	O
and	O
are	O
considered	O
to	O
be	O
illegal	O
taxicab	O
operations	O
.	O
</s>
<s>
In	O
November	O
2018	O
,	O
Lyft	B-Application
settled	O
a	O
class	O
action	O
suit	O
filed	O
in	O
2014	O
alleging	O
that	O
the	O
company	O
had	O
sent	O
large	O
numbers	O
of	O
unwanted	O
commercial	O
text	O
messages	O
.	O
</s>
