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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Lyft

Watch Out Uber, Lyft Is Now In 300 U.S. Cities

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Kirsten Korosec
Kirsten Korosec
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By
Kirsten Korosec
Kirsten Korosec
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March 9, 2017, 10:00 AM ET
Lyft At Its San Francisco Headquarters Showcasing Lyft Cars, The Glowstache, The Lyft App, Lyft Passengers And Drivers
SAN FRANCISCO, CA - FEBRUARY 03: The Lyft app is seen on a passenger's phone on February 3, 2016 in San Francisco, California. (Photo by Mike Coppola/Getty Images for Lyft)Mike Coppola — Getty Images for Lyft
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Lyft has launched its on-demand ride-hailing service in 10 new U.S. cities Thursday, rounding out its goal for the year to expand to 100 by the end of 2017.

Lyft will now be available in Tallahassee and Gainesville, Fla., Greater Maine, Lawton and Stillwater, Okla.; Beaumont, El Paso, Killeen, McAllen, and Waco, Texas.

The company kicked off the year by rolling out its service to 40 cities in January. A month later it followed expanded to 54 more cities. The 54-city launch included expansions into Iowa, Florida, Georgia, and Wisconsin.

Lyft is now available in 300 cities. The company has expanded its operations by 50% in the past three months.

To celebrate the launch, new passengers will be able to use the code LYFTLOVE17 to receive $5 off their first Lyft ride anywhere.

While Lyft continues to grab market share in the U.S., it trails rival Uber, which has a global presence. Uber has services in more than 70 countries and 460 cities, according to a spokeswoman. Meanwhile, Lyft only operates in the United States.

Lyft is reportedly pitching investors on a new funding round and hopes to net at least $500 million, according to a Reuters report earlier this month. If funded, Lyft would be valued between $6 billion and $7 billion, according to the report.

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