The number of cities in which Uber and Lyft operate can significantly affect their market share. Uber's global presence in over 650 cities gives it a broader market reach, potentially leading to a larger market share. On the other hand, Lyft's focus on the US and Canada, despite being available in fewer overall cities, allows it to have a strong presence and potentially a larger market share in those specific regions.
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Uber and Lyft debuted on the public market within two weeks of each other in 2019. Both IPOs were in the works for years and were long-awaited by investors. While today, Uber is available globally in over 650 cities and regions, Lyft is still only available in the US and Canada. But because of Lyft's regional focus, it is available in more US cities than Uber.
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