Fortune Staff

This year’s Fortune 500 marks the 68th running of the list.

Fortune 500

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Profit Ratios

Profit as % of Revenues

Profits as % of Assets

Profits as % of Stockholder Equity

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Earnings Per Share ($)

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EPS % Change (5 year annual rate)

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Total Return to Investors (2021)

Total Return to Investors (5 year, annualized)

Total Return to Investors (10 year, annualized)

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Founded

Lyft Company Profile, News, Rankings | Fortune

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Lyft

lyft

Andrea Guzman

How Lyft’s new CEO ‘got really good at doing more with less’ leading a non-profit  for 14 years and why he thinks it could save the rideshare company

/2023/03/30/lyft-new-ceo-david-risher-non-profit-background-good-for-rideshare-company/

Prarthana Prakash

Lyft’s new CEO says its competition isn’t just Uber, it’s a ‘battle against staying at home’

/2023/03/28/lyft-ceo-david-risher-competition-uber-battle-against-staying-at-home/

Zoë Corbyn

Bike-share programs have been quietly polluting for years. Now companies like Lime and Lyft are improving design and operations to deliver on sustainability promises

/2022/11/21/bike-share-programs-have-been-quietly-polluting-for-years-now-companies-like-lime-and-lyft-are-improving-design-and-operations-to-deliver-on-sustainability-promises/

Tristan Bove

Uber’s advertising boss says ‘cars will become our next living rooms’ after rolling out new ad business

/2022/10/20/uber-self-driving-cars-advertising-revenue/

Shared e-bike companies like Citi Bike aim to improve their goals towards sustainability.

How e-bikes are challenging green transportation 

Environment

So our focus on sustainability starts with the product itself. And so we're really focused on getting and putting the best products on the street. And so I think what a lot of folks are advocating for and what they see as the future is that we go from a two car household to a one car household with more trips taken on public transportation by foot, by bike, by electric bike, by cargo bike and by all the other future modes that will be smaller and more efficient. I'm Laura Fox, I'm the general manager of city bike for lift. Citi bike is a part of lift and it's a core part of how lift provides the world's best transportation services in new york city. We've been here for about 10 years already. Uh, D C boston over 10 years. The transportation is the largest sector for emissions that cause climate change and private car ownership is the largest portion of those emissions, so we need to get people to drive less. I really think that e bikes are car killers in the best of ways. Um, there's been a number of studies that have shown that when people buy an e bike themselves that they reduce their driving habits by about 70%. And a lot of the analysis in this space shows that if people just took about 15% fewer car trips, we could reduce overall transportation emissions by at least 12%. Electric micro mobility is the term that's used to describe 2 to 3 wheeled vehicles that are powered by electric battery and typically under a certain weight e bikes, electric scooters. Um, some folks would even call certain lighter weight electric mopeds, electric micro mobility, even though electric bikes have been around in china since the eighties, it really just started taking off in the US about five years ago and really picked up even more during Covid. And during the lockdown oftentimes you can imagine I'm the bike lady in the room who is getting people telling me, oh, that's nice. But no one's going to ride bikes. And I love saying, you know, last 3, 28 million rising 1.3 million unique riders at a time when not many new Yorkers were riding. We really have to optimize the operations themselves to ensure that we're being even as sustainable as we possibly can within the core operations first is one of the core problems of bike share is how do you match supply and demand? Um, and the term that we use to, you know, try to do that is called rebalancing. So bringing bikes from one location and taking them to another, um, or creating more capacity in one location itself. And so bike angels, which is an innovation that we've had in the system for about six years now is a core way that we reduce the vehicle trips required to take bikes from one place to another. My name is Rachel met and I think I started with the bike angels program soon after I became a member last fall, it's just a Gamification of the program where it will show you on the app, all of the docks and it will give a point value to each of the docks. So now I've been a member for over a year, but my membership has been extended by over six months, so I did not just have to pay my annual fee. Again, I don't have to do that for another six months, but I'll continue getting points and that will probably be pushed out and we see that for all the rebalancing work that we need to do across the system to meet supply and man by angels are a third of all of that work, if that reduces the number of lift trucks that have to move bikes around, that's fewer cars on the streets. And I love that as a cyclist and pedestrian to make our streets safer for everyone. A second piece within operations on that sustainability metric is how do we repair as many bikes in the field as we can to reduce the number of bikes that have to come back to depose. And then third is we think about the longevity of the hardware itself. The large majority of the emissions over the life cycle of the bike would be from manufacturing. So to get the lowest greenhouse gas emissions per mile of, over the lifetime, you want to expand the lifespan of that vehicle and that's often a challenge in the context of, because the vehicles are used very intensively, they're kept outside, you know, and sometimes that goal of expanding lifespan is intention with other pressures they might be facing, such as replacing the current fleet with new models that might have improvements or you know, be safer in other ways. And so we continue to bring that mindset of how do we design and pressure, test and reliability, test those products and bring in all of our operating knowledge to know what's going to really last at left in Citi bike, the need to be green and to make money are, you know, combined, right. If we were to put out a bad product or to have inefficient operations, we would lose money. And so really there's great incentives built into the program to deliver on outside of mode shift, which is a core part of the business model to ensure that we deliver the most sustainable operations um for the system. I think that there's a couple of different key parts. When we think about the future of micromobility for city bike, we're in the middle of $100 million investment to double the size of the city bike service area, bringing it to more and more new Yorkers at the end of it will cover 60% of new york city population, the more we can make these options available and make it easier to be environmentally conscious and be sustainable um the more likely more people are to do it. And I think in the future we'll see new types of vehicles, including some that are starting to come out that are enclosed three wheeled vehicles that have the, you know, the sort of footprint more of a bike but are actually like enclosed and protect against the elements. So we may see some evolution. But to date, micro mobility is primarily about electric bikes and electric scooters. And I think the transition toward electric micro mobility is only just beginning.

2019 IPO market was solid, despite some big flops

Briefing

Companies going public learned an important lesson for 2020.

And companies looking to go public learned an important lesson for 2020.

 [MUSIC PLAYING] Our strategy is to focus on our core business, which is designing and developing and manufacturing great cars, trucks, and SUVs sales and financing them and servicing them. And then, we're going to aggressively pursue these emerging mobility services. When you look at the buying trends and the societal trends of more congested cities and just changing consumer buying behaviors. Particularly in urban areas, young people, they want access versus ownership. Here is a steady flow of new things. I'll just list a few of them. So there's Ford Mobility, FordPass the app, ride-sharing efforts, FordHub stores, developing a self-driving car, and on and on. Which of these have the most potential? And what are you pushing the hardest on because you can't do all of them? We're focusing on our Ford Smart Mobility strategy, which is the areas of autonomous vehicles, mobility, car-sharing, ride-sharing, the connected car as our vehicles become connected to the internet of things, and also using big data and analytics. And we're really doing those experiments in some cases pilots to learn to understand to your question. What are the areas that provide the best opportunity to create a market, to do some business model innovation, to satisfy a customer need, and at the same time, make some money at it? Everybody's talking about the self-driving car. When do you think you're going to roll one out? We have not announced when we will because when we do introduce it, we want it to be true to our brand. And our brand has always been around accessibility. And we want to make sure that it's available to everyone and not just folks that can buy luxury cars. Looking at this whole new concept of ride-sharing, can you see in the future that Ford will be in this business, maybe have an Uber or a Lyft type of company? Those are some of the things that we're looking at. In some cases, as we look at all those elements of Ford Smart Mobility. In some cases, we'll do things on our own. In other cases, we may partner with others, but clearly, that's some of the things that we're working through right now. 

Why Ford Hasn't Released Self-Driving Cars

Autos

Our strategy is to focus on our core business, which is designing and developing and manufacturing great cars, trucks and SUVs and financing them in service. And then we're gonna aggressively pursued these emerging mobility service. When you look at the buying trends in the societal trends of more congested cities, just changing consumer buying behaviors, particularly in urban areas, young people, they want access versus ownership here is a steady flow of new things. I'll just left a few of them board mobility. Ford passed the APP ride, sharing efforts Ford huh stores developing a self driving car and on and on Which of these has the most potential and what do you pushing the hardest on cancel. All of them were focusing on our Fort Smart mobility strategy, which is the areas of autonomous vehicles mobility, car sharing, ride sharing the connected car as our vehicles become connected to the Internet of things and also using big data and analytics. And we're really doing those experiments. In some cases, pilots toe learn to understand to your question what what are the areas that provide the best opportunity to create a market to do some business model innovation to satisfy a customer needs and at the same time make some money at it. Everybody talks with self driving car. When do you think you're gonna roll one out? We have not announced when we will, because when we do introduce it, we want it to be true to our brand. And our brand has always been around accessibility, and we want to make sure that available to everyone and not just folks that combines luxury. You're looking at this whole new concept of ride sharing. Can you see in the future that Ford will be in this business, Maybe have an uber or a lift type of company? Those are some of the things that we're looking at. In some cases, as we look at all those elements support, smart mobility in some cases will do things on our own and other cases. We may partner with others, but clearly that's some of the things that were we're working through right now.

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These Companies Didn’t Exist 10 Years Ago

Tech

You can’t remember life without them, right?

As we close out the decade, now you can’t remember life without them, right?