Subscribe to our mailing list

What Topic Matters Most To You?
View Privacy Policy

Lyft Co-Founder John Zimmer Ends Sale Rumors And Explains Company’s Future

During an interview with CNBC, Lyft Co-Founder John Zimmer squashed rumors that the company is for sale, pointing to the company’s exceptional growth over the past several years.

“Lyft is not for sale. You know, as we’re responsible to our shareholders, we have to review any opportunities that come our way, but we’re focused on growing the business, and we’ve done that 3x year over year across the country and 10x year over year in New York alone,” Zimmer told CNBC’s Jon Fortt.

Fortt then asked Zimmer about Lyft’s business model shifting toward a driverless car.

“So, first, just to make sure we paint the vision. You have ten years from now we believe personal car ownership is all but over in major U.S. cities. And about five years from now, the majority of our trips we believe will be in autonomous vehicles,” Zimmer explained to Fortt.

Zimmer also didn’t seem too concerned about Uber pointing out, “There’s a $2 trillion opportunity here.”