Will investors ever stop throwing money at ride-hailing?Watch Private Gladiator 3 (2002)
Lyft raised at least another $500 million, according to news reports on Thursday. The $500 million-plus bump puts Lyft's value at $6.9 billion.
The fundraise follows up on Lyft's last funding round a little over a year ago, which brought $1 billion to the company and valued it at $4.5 billion. So a $2 billion jump in value in 15 months isn't bad.
Uber is still worth much more (about $70 billion), despite its never-ending problems. Lyft has been quietly taking advantage of Uber's fall from grace with do-gooder initiatives like ways to donate the spare change from your ride to charity and its own donation to the ACLU. And there was that time Lyft's president claimed the company was the "woke" ride-hailing option.
Now Lyft's following up on its bid for public approval with some fundraising muscle.
A spokesperson for Lyft declined to comment.
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Our 5 most anticipated films of fall 2018Sony's 1000XM3 noiseActivists walk a fine, painful line in wake of Dallas shootingReal Housewife Ramona Singer gives us another branded celebrity Instagram fail'Parks and Rec' hero Aubrey Plaza comes out as queerHands on with Polaroid's OneStep+ instant camera with app connectivitySolange Knowles posts heartbreaking tweets after recent police shootings'Parks and Rec' hero Aubrey Plaza comes out as queerPixel and iPhone had a baby, and it's called the HTC U12 LifeSpend your summer swimming in ice cream sprinkles (really)Producer says NBC tried to kill Ronan Farrow's Harvey Weinstein storyTurns out, not many people change their minds because of something they see on social mediaBlack Lives Matter activist, journalists reportedly arrested in Baton RougeA black cat invading a rugby league field is a majestic sightAnn Dowd talks 'Handmaid's Tale,' 'Hereditary,' and cultsTrump claims his loss of Twitter followers proves antiTwitter tests suggestions on people to unfollow for when your timeline is too muchSpend your summer swimming in ice cream sprinkles (really)Stunning videos show meteor light up Australian sky'Castle Rock' went full Stephen King with one great 'The Shining' reference How Apple's fighting HIV and AIDS with its (Product)RED iPhone 8 After 14 years, Steam gets some decent privacy settings Scrabble adds 300 words to its official dictionary Facebook needs to fundamentally change to fix its worst problems FCC leaks photos of unreleased gold iPhone X This is how NASA's TESS will hunt for alien planets I wrote the Facebook report Ted Cruz can’t stop talking about. He’s getting it all wrong. Did Mark Zuckerberg just beat Congress? Who's going to die in 'Avengers: Infinity War'? Here's predictions A look at the new 'Westworld' mobile game for Android and iOS Ahead of GDPR, Messenger reminds users to check their privacy settings We'll never trust our 'friends' ever again after they sold out our Facebook data The new 'Lemon Face Challenge' is raising awareness for DIPG Miloš Forman, director of 'Amadeus' and 'Cuckoo's Nest,' is dead at 86 Deadly marine heat waves are increasing in both time and frequency Adam Rippon, Tonya Harding join 'Dancing With the Stars: Athletes' Jazz up your graduation cap with these 14 clever designs Next year's iPhone X camera might have three lenses, 5x zoom Every single alcohol reference in Taylor Swift's albums in 1 gorgeous graph Oh no, Mark Zuckerberg left his notebook unattended during his senate hearing
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