Lyft gains as CEO says San Francisco share losses could be overblown

Investing.com12-16

Investing.com -- Lyft (NASDAQ:LYFT) CEO David Risher said that concerns over the company's market share losses in San Francisco may be overblown. “SF is a growing market for rideshare. Even with Waymo...

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Even with Waymo...</p>\n\n<a href=\"https://finance.yahoo.com/news/lyft-gains-ceo-says-san-140300819.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/lyft-gains-ceo-says-san-140300819.html","article_id":"2491694623","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491694623","pubTimestamp":1734357780,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com -- Lyft  CEO David Risher said that concerns over the company's market share losses in San Francisco may be overblown.“SF is a growing market for rideshare. Even with Waymo on the road, our market share remains strong,” Risher said in a post on X over the weekend.“In the SF Waymo ODD , @Lyft market share was 30.6% in Nov 2024 vs. 30.7% in Nov 2023, according to our validated external data source,” he added.According to Bank of America analysts, Risher’s comments suggest that Lyft's market share in San Francisco has remained largely unchanged year-over-year, despite Waymo's rapid expansion.Lyft management spoke at a conference last week, highlighting steady growth in the SF market and adding that “we are in all of the right conversations” and “you can expect more from us” in terms of partnerships.\"Given Uber/Lyft’s national scale and Waymo’s potential multiple year time-frame to reach the top 20 MSAs , we would be positive on traditional rideshare likely still seeing doubl","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4588":"碎股","BK4503":"景林资产持仓","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","BK4551":"寇图资本持仓","SG9999015978.USD":"利安颠覆性创新基金A","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","BK4022":"陆运","BK4230":"旅客陆运","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4505":"高瓴资本持仓","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","BK4548":"巴美列捷福持仓","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4585":"ETF&股票定投概念","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LYFT":"Lyft, Inc.","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","BK4536":"外卖概念","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","UBER":"优步","BK4535":"淡马锡持仓"},"translate_title":"Lyft股价上涨，首席执行官表示旧金山股价损失可能被夸大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"LYFT":1},"content_text":"Investing.com -- Lyft (NASDAQ:LYFT) CEO David Risher said that concerns over the company's market share losses in San Francisco may be overblown.\n“SF is a growing market for rideshare. Even with Waymo on the road, our market share remains strong,” Risher said in a post on X over the weekend.\n“In the SF Waymo ODD (operational design domain), @Lyft market share was 30.6% in Nov 2024 vs. 30.7% in Nov 2023, according to our validated external data source,” he added.\nAccording to Bank of America analysts, Risher’s comments suggest that Lyft's market share in San Francisco has remained largely unchanged year-over-year, despite Waymo's rapid expansion.\nLyft management spoke at a conference last week, highlighting steady growth in the SF market and adding that “we are in all of the right conversations” and “you can expect more from us” in terms of partnerships.\nThese collaborations aim to leverage traditional rideshare networks for technology and operational support, which autonomous vehicle (AV) manufacturers can use to boost utilization.\nDuring the same event, Uber (NYSE:UBER) management reported that bookings growth in San Francisco is outpacing US averages, even as Waymo expands.\nUber emphasized that AVs will play a crucial role in increasing supply over time, with rideshare penetration still reaching only 20% of potential riders. Moreover, Uber revealed plans to scale Waymo’s fleet to \"hundreds of vehicles\" in Austin and Atlanta, demonstrating significant scale.\n\"In our view, no matter the % share, all signs point to Lyft seeing solid growth in SF even as Waymo has generated 'incremental demand' in the SF market,” BofA analysts Michael McGovern and Justin Post said in the note.\n\"Given Uber/Lyft’s national scale and Waymo’s potential multiple year time-frame to reach the top 20 MSAs (and significant time to partner), we would be positive on traditional rideshare likely still seeing double digit bookings growth in SF.\"\nAnalysts also noted that third-party market share data comparing Waymo to Lyft in San Francisco excludes rides to and from the city as well as freeway rides, which represent a significant portion of the market, making such comparisons less comprehensive.\nRelated Articles\nLyft gains as CEO says San Francisco share losses could be overblown\nUS finalizes $9.63 billion loan for Ford, SK On joint battery venture\nHoneywell considers spinning off its aerospace business amid Elliott's breakup push","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491694623"}