What These 2 Moves From Lyft Could Mean
Over the past half-decade as Lyft and Uber went from relative obscurity to household names, the brand recognizable by a playful pink mustache has largely played second fiddle to its larger rival Uber. After years of the company being little brother, it's easy to imagine that 2017 has been quite pleasant for the folks at Lyft after Uber trudged through a list of scandals and debacles. As we put the finishing touches on 2017, two recent moves suggest things at Lyft could get vastly more interesting in short order.
These two developments stirred up intrigue about Lyft's potential to go public sooner, rather than later, and perhaps even ahead of its rival Uber. One development was that investors continue to pour more capital into the ride-hailing company. Tuesday, Lyft announced that a recent round of funding increased from $1 billion to $1.5 billion. The additional half-a-billion dollars came in part from new investors that included Fidelity Management & Research Company and Ontario Teachers' Pension Plan, as well as additional money from entities already invested in Lyft.
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Source: Fool.com