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.”
10.17.17 8:28 pmThe Cleveland Cavaliers Start The NBA Season By Protesting The National Anthem
Cavaliers star LeBron James has been supportive of NFL players who have taken a knee during the national anthem.
9.28.17 11:11 amThe NFL Just Lost Its First Sponsor Over Players Kneeling During The National Anthem
“Our companies will not condone unpatriotic behavior!” Cleveland businessman Allan Jones said in a statement.
9.18.17 10:59 amFox News Highlights Media Bias In A CBS Report About Richard Cordray
“CBS Sunday Morning” didn’t disclose that four of the lawyers that it interviewed had ties to the Consumer Financial Protection Bureau.
9.18.17 10:41 amAmericans Overwhelmingly Reject Internet Sales Tax Proposal
Two of three Americans said they oppose a sales tax in their state on items purchased online.