Why One Major City Is Ending This Ridesharing Service

This post may contain affiliate links from our advertising partners, such as American Express. Read my Advertiser Disclosure policy here. Some of the offers below may have expired or are unavailable on our site at this time. Terms Apply to Offers. Offers for the Amex EveryDay® Preferred Credit Card from American Express, Starwood Preferred Guest® Credit Card from American Express, Platinum Delta SkyMiles® Credit Card and Delta Reserve® Credit Card are not available through this site. All information has been independently collected by PMM and has not been reviewed or provided by the card issuer.

If you haven’t signed up for Lyft yet, you can also do so via my referral and get $50 in free ride credit. 

For ride hailing app Lyft, customers had the option of sharing a ride with someone else. The trip took longer, but the cost was much less than if you were traveling on your own.

This was especially helpful for those commuting to work, who were traveling to similar destinations. Now, Lyft has cancelled this service in the San Francisco area, after just five months of operation.

car lyft uber

Here are more details from Forbes:

“A Lyft spokesman confirmed to FORBES that the startup is “pausing” the carpool product: “While we think a scheduled carpool feature is the right long-term strategy, it is too soon to scale to a meaningful level where supply matches demand. We learned a lot and will apply it to new and existing projects — like Lyft Line — as we drive our vision forward to solve pain points in commuting.”

Bottom Line

The service was unpopular among drivers who reportedly weren’t too excited about the financial prospects of the carpool service in the San Francisco Bay Area.

Obviously, the service was dependent on drivers. The Forbes report said drivers could make some $10 on the carpool rides.

This comes after reports suggested Lyft was looking to sell itself to other companies, including Apple and General Motors.

If you haven’t signed up for Lyft yet, you can also do so via my referral and get $50 in free ride credit. 

The Platinum Card® from American Express Editorial Note: Opinions, analyses, reviews or suggestions expressed on this site are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This post was accurate at the time of posting, offer may be unavailable on this site at a later time. For details on current offers visit the card issuer’s site.
American Express® Gold Card

About Points, Miles & Martinis

Here at Points, Miles and Martinis, we love all things travel. We focus on topics relating to travel including destinations, airline, hotel, car rental and credit card reward programs. Our goal is to help people travel better. - See more at our About Us page.

Sign up for Email || Twitter || Facebook |Tips & Tricks
Hotel Offers || Airline Offers || Bank Offers || Cash Back Offers

Comments

  1. Thank you for the referral link! Headed to DC soon, great option to try Lyft instead of Metro in the evening.

Leave a Reply

Your email address will not be published. Required fields are marked *