In response to earlier market news about LyftWill sell newsUber CEO Travis Kalanick said he believes Lyft's market valueOnly around US$20 billionHowever, Lyft later clarified that the company had no plans to sell itself and believed that Uber was deliberately affecting its business development.
A Lyft spokesperson emphasized that the company has no plans to sell itself and currently has ample funds to support its operations, in response to recent rumors that the company is seeking a sale. Regarding Uber's claim that Lyft's market capitalization is only around $20 billion, Lyft criticized Uber's claim that it is undermining its business development through derogatory practices, which is untrue.
Prior to this, market rumors indicated that Lyft was in talks with General Motors, Apple, Google, and Amazon, and might even choose to merge with similar services such as Uber and Didi Chuxing, hoping to obtain greater funding sources to cope with driver service subsidies and local legal penalties.
As for Uber's view that Lyft's market value is around US$20 billion, this expectation is based on Lyft's current capital holdings of approximately US$14 billion. However, Lyft itself believes that its market value can reach approximately US$90 billion, which is a huge difference.
Currently, Uber remains the largest ride-hailing app in the United States and is actively expanding its operations around the world. Lyft's service scale is currently the second largest in the United States. Therefore, its biggest advantage is that if other companies plan to compete with Uber's business, acquiring Lyft will be the fastest way to enter the market and compete, and Lyft will also have the opportunity to obtain greater financial assistance.
