$600 mil­lion

San Francisco Chronicle Late Edition - - BUSINESS REPORT -

That’s how much ride-hail­ing startup Lyft lost last year in the U.S., ac­cord­ing to peo­ple fa­mil­iar with the mat­ter. The peo­ple also said, though, that rev­enue rose 250 per­cent, with the San Fran­cisco com­pany record­ing about $700 mil­lion in sales. Lyft hopes to be­come prof­itable by 2018, the peo­ple said.

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