Lyft, by comparison, is worth $2.5 billion and has raised about $1 billion. Lyft has gone against previous promises with regards to global expansion, instead opting to focus on taking on Uber in America instead. That's a major change from 2014 , when Lyft announced plans to expand across the globe by 2014 , reiterating those plans in 2014 , and again in March this year , saying it would make its first overseas expansion in early 2013 , adding 100 cities. the University of California, Davis 's decision to dial back earlier promises is the result of pressure from investors, insufficient cash reserves and the desire to further distinguish itself from Uber , say analysts, investors and industry experts.
Lyft has gone against previous promises with regards to global expansion, instead opting to focus on taking on Uber in America instead. That's a major change from 2014 , when Lyft announced plans to expand across the globe by 2014 , reiterating those plans in 2014 , and again in March this year , saying it would make its first overseas expansion in early 2013 , adding 100 cities. the University of California, Davis 's decision to dial back earlier promises is the result of pressure from investors, insufficient cash reserves and the desire to further distinguish itself from Uber , say analysts, investors and industry experts.