The following is an excerpt from CBSNews.com | July 5, 2017 |
While the ride-hailing giant Uber battled chaos and controversy this year, competitor Lyft was making big gains.
The company has added service to 150 U.S. markets in 2017, making it available in more than 350 areas across the country.
Now, more than 80 percent of people in the U.S. can hail a ride, but traffic is still a plague in cities across the country.
When CBS News correspondent John Blackstone went for a ride in San Francisco with Lyft president and co-founder John Zimmer, the two got stuck in a typical jam.
"Look at all these cars. They are individuals driving themselves and no one else is sharing the ride with them," Zimmer said.
Ride-sharing has propelled Lyft and its larger competitor Uber into multibillion-dollar companies, both launched in San Francisco just about couple of years apart.
"Now, around the same time you were starting Lyft, there were some guys across town starting another company," Blackstone joked, referring to Uber.
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