Most recently, Lyft was valued at $15 billion, a far cry from Uber's $120 billion valuation. However, if Lyft beats Uber in going public, experts say it will cement the company at as a viable alternative to Uber.
While Lyft waits to go public, it is still releasing new app features. The most recent update is "Shared Savor," a feature that allows passengers to save money on their trip by walking a few blocks to a meeting point, thus allowing for better route optimization. Uber has a similar feature.