The Lyft vs Uber scenario is now in a contrasting state of affairs from both companies, but which company is on the rise? Uber is currently going through its share of controversies.
The leaked footage of Uber CEO Travis Kalanick certainly had the transportation company in deep waters. It even came to a point where Kalanick had to publicly apologize for his actions, citing that a change in leadership is needed for the company to grow.
On the other hand, Lyft is targeting a significantly high price for its valuation. According to TechCrunch, Lyft is aiming for a valuation price on the $6 billion mark.
The source cited that Lyft has already made about $2 billion from its key investors. The case of Lyft vs Uber is now set at an uneven standing due to Uber's current state.
While Uber still has a significantly larger $70 billion valuation compared to Lyft, the company will need to rebound from its cataclysmic PR aftermath. While Uber's mishap just happens to come at the wrong time, observers can't help but add this incident as fuel to the Lyft vs Uber rivalry.
Uber is known for having wider coverage than Lyft, but recent incident is hurting the company's image. While Uber seeks for leadership guidance, Lyft is already looking to expand.
According to TheDailyIowan, Lyft has already announced its expansion to 45 locations in Iowa city. A Lyft spokesperson shared that people prefer their service due to its "more welcoming and enjoyable" ride experience, compared to others.
This further adds more fuel to the Lyft vs Uber flame, one that Lyft should take advantage of given Uber's current PR conditions. However, Lyft has a lot of catching up to do in terms of expansion and increasing its value as Uber already has a huge head start.
Regardless of the Lyft vs Uber comparison, this only gives more viable options for citizens looking for transportation. Let's just hope there wouldn't be any further instances of altercations between passengers and drivers in the future of both companies.
