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Lyft is losing $50 million per month (Fortune)

July 13, 2016

According to reports, Lyft is losing as much as $50 million per month. When asked about that high sum, President John Zimmer, said, “I would use the word ‘investing,’” Fortune reports. Lyft believes there is a trillion-dollar opportunity in the “transportation-as-a-service” market. The company has “more than enough money to reach break-even,” Zimmer said. His comments were made on stage Monday at Fortune’s Brainstorm Tech conference in Aspen, Colo.