It's more popular in certain geographic and industry pockets. I used to see long lines at the Pentagon and Crystal City for slug riders every afternoon/evening.
Given that, I doubt Lyft (marketed towards urban millennials who have smartphones and are cool with riding around in cars with mustaches) and Slugging (mostly used by staid, middle-aged, middle-income workers) are going to compete with each other.
(Still kicking myself for not finishing that app for Slugline-like ridesharing 6 or so years ago :) )