Reported 29 days ago
Lyft CEO David Risher highlighted the progress and potential of the company since he took over in mid-2023, citing significant growth in key metrics. He emphasized the ongoing turnaround efforts, including cost reductions and tech enhancements for better ride-hailing experiences. Despite a year of stock underperformance compared to Uber, Risher remains optimistic about Lyft's future, attributing some investor uncertainty to macroeconomic conditions and the evolving landscape of autonomous vehicles.
Source: YAHOO