3/27, 10:50 PM (Source: TeleTrader)
more TeleTrader news


Chart for: Lyft

Lyft appoints new CEO as cofounders step down

Lyft Inc., a ride-hailing firm based in California, chose board member David Risher to succeed the company's co-founder Logan Green as the next chief executive officer, the Wall Street Journal wrote on Monday.

The company's cofounders, the current CEO Logan Green, and John Zimmer, its president, will step down from their roles by the mid-April.

In February, the company presented its financial report for the fourth quarter, which showed that its net loss had doubled to $588.1 million and that it was predicting weaker-than-expected revenue in the first quarter of 2023. Last year, it was revealed that the corporation slashed its staff by 13%.

Baha Breaking News (BBN) / AB