Full-Time
Ride-sharing platform connecting riders with drivers
$128k - $160k/yr
Company Historically Provides H1B Sponsorship
San Francisco, CA, USA
Hybrid
Hybrid role; in-office 3 days per week (Mondays, Wednesdays, and Thursdays) required in San Francisco. Up to 4 weeks per year of remote work from anywhere.
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Lyft connects riders with drivers via a mobile app in urban areas in the US and Canada, offering rides, bike and scooter rentals, and ads. Riders request a trip and a nearby driver accepts; Lyft takes a commission from the fare and also earns from rentals, subscriptions like Lyft Pink, and advertising. Lyft differentiates itself by combining multiple mobility options in one app, using a flexible gig-economy driver model, and prioritizing safety and ease of use. Its goal is to provide convenient urban transportation with diverse services while maintaining steady revenue and a positive user experience.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
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Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Family Planning Benefits
Unlimited Paid Time Off
401(k) Retirement Plan
Paid Parental Leave
Pre-tax commuter benefits
Hybrid Work Options
Lyft beat Wall Street's revenue expectations in Q2 CY2026, with sales up 16.1% year on year to $1.84 billion. The ride-sharing service reported GAAP profit of $0.13 per share, missing analyst estimates by 7.7%. The company's adjusted EBITDA of $177.2 million exceeded analyst expectations of $171.6 million. Operating margin improved to 2.6%, up from 0.2% in the same quarter last year. Lyft's active riders reached 30.5 million, an increase of 4.4 million year on year. The company's Q3 guidance for EBITDA is $193 million at the midpoint, above analyst estimates of $190.4 million. Analysts expect Lyft's revenue to grow 15% over the next 12 months.
Polymarket is targeting a valuation of more than US$20 billion in a new funding round. If the round closes, Polymarket will be worth more than double what it was worth in October 2025, when it raised funds at a valuation of US$9 billion. By Todd Gillespie August 4, 2026 | 01:15 PM Bloomberg - Polymarket is seeking to raise capital at a valuation above US$20 billion, months after closing a previous funding round with a new investment from hedge fund D.E. Shaw & Co. According to sources familiar with the matter who asked not to be identified because the information is private, the prediction markets platform is in preliminary talks with potential investors to raise around US$1 billion. These potential investments are further evidence of the rapid growth of the prediction markets sector, as Polymarket and its competitors offer a new way to bet on all kinds of areas, from sports to elections. If the round closes, Polymarket will be worth more than double what it was worth in October 2025, when it raised funds at a valuation of US$9 billion. Its main rival, Kalshi, announced in May that it had secured a new investment that placed its value at US$22 billion. Kalshi has far surpassed Polymarket's growth since the beginning of the year, as the latter has faced operational and legal issues. Polymarket completed a funding round at a valuation of US$15 billion in April, when it brought in D.E. Shaw and venture capital firm G Squared as new investors, according to the sources. In that round, whose closing had not been previously disclosed, existing investors - SV Angel, Dragonfly and Valor Equity Partners - added US$600 million contributed by Intercontinental Exchange Inc., reaching a total of approximately US$1 billion. A Polymarket spokesperson declined to comment on the latest funding round. No response was received to emails sent to D.E. Shaw and G Squared. D.E. Shaw, based in New York, is a multi-strategy investment firm that manages more than US$100 billion and was one of the first to focus on algorithmic trading. The venture capital division of hedge fund Point72 Asset Management, led by Steve Cohen, had previously invested in Polymarket. Led by Shayne Coplan, Polymarket allows users to bet on the outcome of real-world events and has turned to large trading firms to increase liquidity on its platform. Since the April funding round, Polymarket has launched its platform in the U.S. and has tripled its annualized revenue to exceed US$1.2 billion, according to the sources. Betting volume on prediction markets surged during the FIFA World Cup held in June and July. However, last month Kalshi recorded trading volume three times higher than Polymarket, according to data compiled by users through Dune Analytics. Additionally, Polymarket is being investigated by the U.S. Commodity Futures Trading Commission (CFTC) for its social media activity, following allegations that it spread misleading advertising. A Polymarket spokesperson previously stated that the company had launched an audit of its active promotional content to ensure it complies with company standards as well as regulatory and legal disclosure requirements. The company has hired more top executives in recent months. Travis VanderZanden, who led international growth at Uber Technologies Inc. (UBER) after a stint as chief operating officer at Lyft Inc., moved from Miami to New York to join Polymarket as chief growth officer, a role that includes overseeing marketing. Polymarket also hired Hayk Mkrtchyan, an engineer who helped lead Pillar, the New York Stock Exchange's trading technology platform, to direct development of its platform in the United States. Jonathan Mendelson, a former member of the Department of Government Efficiency (DOGE), joined Polymarket last year as a senior strategy executive. With the collaboration of Natasha Mascarenhas. Read more at Bloomberg.com
Lyft and NYCETC expand Job Access Ride program following overwhelming demand. Additional ride codes will help more New Yorkers reach job interviews, training programs, and early employment opportunities NEW YORK, NY - August 4, 2026 - The New York City Employment and Training Coalition (NYCETC) today announced that its Job Access Ride Code Pilot Program with Lyft will expand following strong demand from workforce development organizations across the city. Launched earlier this month, the pilot provides Lyft ride credits to help New Yorkers travel to job interviews, workforce training programs, employment-related appointments, and new jobs. Twenty-four organizations expressed interest within the program's first weeks, prompting Lyft to provide additional ride codes. "The strong response to this program confirms what our members see every day: transportation is essential workforce infrastructure," said Gregory J. Morris, CEO of the New York City Employment and Training Coalition. "Lyft's decision to expand the pilot will help more New Yorkers reach interviews, training programs, and jobs. This is the kind of practical private-sector partnership our city needs to connect people to economic opportunity." Twelve NYCETC member organizations have been selected to receive codes through the first two rounds of distribution, including The Opportunity Hub, Path to Jobs, SUNY Queens Educational Opportunity Center, Kingsborough Community College's Division of Workforce Development, Custom Collaborative, Part of the Solution, St. Nicks Alliance, Brooklyn Workforce Innovations, Nontraditional Employment for Women, Brazen, Reel Works, and Genesys Works. The response underscores a persistent challenge facing job seekers across the five boroughs: transportation costs can prevent New Yorkers from reaching the training and employment opportunities available to them. By distributing ride codes through trusted workforce organizations, the program provides support directly to job seekers when they need it most. The program is available through NYCETC's network of more than 220 workforce development organizations, which collectively serve over 200,000 New Yorkers across the five boroughs. Lyft and NYCETC will continue evaluating participation and demand as the expanded pilot moves forward. About the New York City Employment and Training Coalition (NYCETC). Founded in 1997, NYCETC is the largest city-based workforce development association in the country, representing more than 220 member organizations that connect over 200,000 New Yorkers to jobs and economic opportunity each year. NYCETC members create jobs and connect underserved New Yorkers - primarily New Yorkers of color, those with low or moderate incomes, and those facing multiple barriers to employment - to training, career pathways, and family-sustaining opportunities. Learn more at nycetc.org.
Lyft's stock trades 35% below its two-year high, yet the company generated free cash flow equal to 17.9% of its market value over the past year, far exceeding the S&P 500 median of 4.2%. The rideshare firm produced a record $1.12 billion in free cash flow whilst growing revenue 9.4% annually. Management has shifted strategy towards profitable segments. Growth in premium rides like Lyft Black exceeded 35% year-over-year in Q1. Partnerships with DoorDash and United Airlines now account for 27% of total ride requests. Market scepticism centres on sustainability. Management acknowledged slightly lower growth rates in mature markets, whilst incentives per ride increased 17%, suggesting intense competition. The concern is whether Lyft must spend progressively more to maintain growth, potentially eroding profitability.
Chicago announces new Divvy stations and service improvements along the lakefront. Mayor Brandon Johnson and the Chicago Department of Transportation, in partnership with the Chicago Park District and Lyft, announced on Aug. 3 new Divvy bikeshare stations and service improvements along Chicago's lakefront. The announcement follows a record-breaking July for Divvy, which surpassed one million rides in a single month for the first time. "A Divvy ride is one of the best ways to experience Chicago. By adding stations where demand is highest, we're making it easier for more people to explore our lakefront, connect to parks and beaches using affordable, sustainable transportation," said Mayor Brandon Johnson. "My administration remains committed to advancing diverse, sustainable transportation options and inclusive, complete streets for every Chicagoan." The new stations are located at DuSable Lake Shore Drive & Jackson Drive; DuSable Lake Shore Drive & Balbo Drive; North Avenue Beach; North Avenue Beach Pedestrian Bridge; and Lincoln Park Zoo. CDOT Commissioner William Cheaks Jr. said, "The addition of these new stations will improve bike availability where demand is highest, strengthen system operations, and create a better experience for everyone who chooses Divvy. As more people choose Divvy to get around Chicago, we'll continue investing in a system that's reliable, convenient, and works for riders." Between Fullerton Parkway and Grand Avenue alone this year there have been over 120,000 trips. Additional changes include designated bike racks east of DuSable Lake Shore Drive between Fullerton Parkway and Grand Avenue as well as parking management measures requiring riders to end trips at official locations or designated racks. Carlos Ramirez-Rosa of the Chicago Park District said, "Biking Chicago's lakefront delivers breathtaking views of the shoreline, iconic skyline, and vibrant parks... We are excited to work with CDOT on the improved access to the 18 miles of lakefront trail that will enhance our city's exceptional experiences." This summer also saw installation of a charging station outside the Obama Presidential Center in Jackson Park - the first such station on the South Side - to support e-bike service at one of Chicago's newest cultural destinations. In 2026 so far there have been 124 new Divvy stations installed citywide - including 21 charging stations - and upgrades made at 59 existing sites. Divvy General Manager Sean Madison said, "Divvy just set an all-time ridership record... These stations add supply where it's needed most... None of this works without our longstanding partnerships with CDOT and the Chicago Park District... That's the math every time Divvy grows: more room for riders, less clutter along the lake." Through July 31 there had already been over four million rides in 2026. The Chicago Department of Transportation emphasizes equity, safety and sustainability in its projects; oversees streets infrastructure; advances policies like Vision Zero; focuses on planning safe multimodal options; operates within city limits; provides services including street maintenance - all according to the official website.