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Chinese Tech Giant Tencent Joins Facebook in the $500 Billion Club

Lyft Is Worth $11 Billion

For more than five years, Uber and Lyft have been locked in a battle to become the ultimate ride-hailing service. Uber has been the leader for years, but recent disputes with employees and drivers have brought the company under fire. Lift founder john zimmer recently that Lyft is currently valued at $11 billion. According to Zimmer, key to the apps success in the face of such a huge competitor has been it's "nice guy" reputation. Lyft currently covers 94% of the U.S population and is expected to continue to grow.
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