Aug 10, 2017

Lyft tries to boost growth while Uber is distracted

Josh Edelson / AP

Taking advantage of rival Uber's ongoing challenges (it's currently rushing to hire a new CEO and a slew of other execs), ride-hailing company Lyft has acquired two companies, YesGraph and DataScore, to boost its market growth.

What's in it for Lyft: Despite its claims of rapid growth, Lyft is still a distant No. 2 to rival Uber as far as market size. But with a recent injection of funds and a competitor currently distracted by internal matters, this may be its opportunity to use a heavy dose of tech to get ahead.

The companies: Founded in 2012 and with more than $2.30 million in total funding, YesGraph has built tools for app referrals best on a user's phone contacts. Lyft says that YesGraph's technology will help it improve its driver referral program—meaning helping it get better at recruiting new drivers. Then there's DataScore, which was founded in 2013, and provides consulting services and tools for customer growth to startups. Lyft declined to disclose the acquisition prices.

Go deeper

Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins

Bernie Sanders rallies in Las Vegas, Nevada on Feb. 21. Photo: Mario Tama/Getty Images

Center-left think tank Third Way urgently called on the Democratic front-runners of the 2020 presidential election to challenge Sen. Bernie Sanders on the South Carolina debate stage on Feb. 25, in a memo provided to Axios' Mike Allen on Saturday.

What they're saying: "At the Las Vegas debate ... you declined to really challenge Senator Sanders. If you repeat this strategy at the South Carolina debate this week, you could hand the nomination to Sanders, likely dooming the Democratic Party — and the nation — to Trump and sweeping down-ballot Republican victories in November."

Situational awareness

Warren Buffett. Photo: Daniel Zuchnik/WireImage

Catch up on today's biggest news:

  1. Warren Buffett releases annual letter, reassures investors about future of Berkshire Hathaway
  2. Greyhound bars immigration sweeps
  3. U.S. military officially stops offensive operations in Afghanistan
  4. America's future looks a lot like Nevada
  5. Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins

America's future looks a lot like Nevada

Illustration: Sarah Grillo/Axios

Today's Nevada caucus will foreshadow the future of American politics well beyond 2020.

Why it matters: The U.S. is in the midst of a demographic transformation, and the country's future looks a lot like Nevada's present. Today's results, in addition to shaping the 2020 race, will help tell us where politics is headed in a rapidly changing country.