Lyft up sharply in NYC as e-hail industry stomps taxisCompany's market share rose 53% as app-based car services surged
It looks like 2017 was a very good year for Lyft in New York. But it was also pretty good for Uber.
In fact, all e-hail companies saw double-digit growth, while taxis continued to suffer. Lyft, however, grew more than anyone, benefiting from Uber's missteps during the stormy tenure of its former CEO, Travis Kalanick, who stepped down in June.
Lyft also got help last year from funding rounds that brought in more than $2 billion and were used to add cars and gain market share.