Lyft’s co-founders said on Monday that they would step down from their day-to-day responsibilities at the company, which has struggled through layoffs and disappointing financial results even as Uber, its biggest rival, has strengthened. The […]
In 2018, Lyft’s co-founders, Logan Green and John Zimmer, assembled employees in the cafeteria of the San Francisco company’s headquarters for a staff meeting. There, they explained that they were spending $250 million to purchase […]
OAKLAND, Calif. — Uber and Lyft, which are facing mounting pressure to classify their freelance drivers as full-time employees in California, are looking for another way. One option that both companies are seriously discussing is […]
SAN FRANCISCO — Lyft jumped as its shares began trading on public markets Friday, a robust start for the first in a stream of stock offerings expected from high-profile technology companies this year. The ride-hailing […]
Lyft was not the first ride-hailing company. But it is poised to become the first publicly traded one, and investors’ appetite for its shares proved enormous. The company priced its shares at $72 each on […]
SAN FRANCISCO — Lyft officially signaled on Monday that it sought to have the biggest technology initial public offering since 2014, setting the stage for a bonanza of riches for young tech companies this year. […]
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