Self-driving company Waymo's market share in San Francisco exceeds Lyft's
18 hours ago
- #Ride-hailing
- #Autonomous Vehicles
- #Waymo
- Waymo's ridership in San Francisco grew from 77,000 to over 312,000 rides by August 2024.
- Waymo now accounts for 30% of rides to local small businesses in San Francisco.
- Waymo surpassed Lyft in gross bookings from August 2023 to April 2024.
- Waymo holds over 25% market share in San Francisco, becoming the second most-popular ride-hailing service.
- Uber remains dominant with over 50% of rideshare bookings in San Francisco.
- Waymo's rapid growth could make it San Francisco's top ride-hailing service by early next year.
- Lyft's market share has declined to around 30% since 2023.
- Waymo's expansion threatens traditional rideshare drivers, potentially displacing tens of thousands of blue-collar workers.
- Critics argue Waymo is operating at a loss to undercut competition, similar to Uber and Lyft's early strategies.
- Some drivers report Waymo vehicles experiencing technical glitches in cities like Phoenix.
- Concerns persist about AI and automation replacing human jobs in the ride-hailing industry.