Lyft (LYFT) is going through a bit of a transformation as the ride-share company seeks to innovate and keep up with competition like Uber (UBER). Lyft CEO David Risher sits down with Yahoo Finance Anchor Josh Lipton to discuss some of the measures the company is taking, which is centered around the customer and customer experience. Risher affirms his perspective, choosing not to focus on Lyft's market share: "I actually don't obsess over market share, I obsess over customers. I look at market share and I look at it as an indication of whether our riders and drivers are responding." He continues to discuss growth, prioritizing convincing customers to trade up on experiences through Lyft: "For example, comfort, extra comfort is a new product we have if you want to have a little bit more comfortable ride, newer and quieter car, that's a little bit higher margin." Risher also comments on Lyft's competitive advantages in its ride-share and delivery space. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
In this piece, we will look at the 11 best long-term growth stocks to invest in. If you want to skip our introduction to the current drivers of stock market performance, then check out 5 Best Long term Growth Stocks To Invest In. The year 2023 has proven to be dynamic for the stock market. […]
Uber (NYSE: UBER) has turned the corner to profitability and is now building a dominant position in mobility and delivery. There's one reason for its recent financial success, and that's the percentage of each transaction it takes as revenue.