Lyft said Thursday its co-founders, Logan Green and John Zimmer, are stepping down from the ride-hailing services provider\u2019s board, following the completion of a two-year transition plan.<\/p>\n
Green and Zimmer began serving as the chair and vice chair of Lyft\u2019s board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who has been a board member since 2021.<\/p>\n
The duo founded Lyft in 2012, with the company now operating across four continents and nearly 1,000 cities.<\/p>\n
Sean Aggarwal, who was the chair of Lyft\u2019s board from 2019 to 2023, will reprise his role.<\/p>\n
Zimmer is launching a new consumer-focused business venture named YES&, while Green will continue as a venture partner at Autotech Ventures, a firm investing in the mobility and transportation sector.<\/p>\n
Lyft, which recently completed its nearly $200 million acquisition of European mobility platform FreeNow, has signed a deal with China\u2019s Baidu 9888.HK to introduce the search-engine giant\u2019s robotaxis in the region.<\/p>\n
It posted revenue of $1.59 billion in the second quarter, missing estimates of $1.61 billion, according to data compiled by LSEG.<\/p>\n
Rides on Lyft\u2019s platform grew 14% to a record high of 234.8 million in the quarter, slightly below estimates of 235.9 million, per Visible Alpha.<\/p>\n<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Lyft said Thursday its co-founders, Logan Green and John Zimmer, are stepping down from the ride-hailing services provider\u2019s board, following the completion of a two-year transition plan. Green and Zimmer began serving as the chair and vice chair of Lyft\u2019s board in 2023 after stepping down as CEO and president, respectively, handing the reins to…<\/p>\n","protected":false},"author":1,"featured_media":2985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/2984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/comments?post=2984"}],"version-history":[{"count":0,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/2984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media\/2985"}],"wp:attachment":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media?parent=2984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/categories?post=2984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/tags?post=2984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}