Lyft could use a lift. At this writing, the company’s shares are trading at a bit over $9.60, well off recent peaks of more than $17. The fact that the stock’s barely budged in the wake of a significant shakeup in the C-suite belies investors’...
Locked in competition with Uber, which controls roughly 74% of the U.S. rideshare market, Lyft is changing leadership by appointing a new CEO as the company faces a difficult ride from a distant No. 2. In a Monday (March 27) blog post, Lyft confirmed that...
February 13, 2024
Lyft says differentiated offerings on its app helped drive its annual ridership to the highest level in the company’s history. For full-year 2023, the rideshare platform had more than 40 million active riders, defined as riders who took at least one ride during that period, Lyft said in a Tuesday (Feb. 13) earnings release. In the […]
March 27, 2023
Locked in competition with Uber, which controls roughly 74% of the U.S. rideshare market, Lyft is changing leadership by appointing a new CEO as the company faces a difficult ride...
