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Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Lyft

🌎 lyft.com

Lyft is a rideshare company founded in 2012 by Logan Green and John Zimmer. It is available to approximately 95 percent of the United States population as well as select cities in Canada. Lyft is committed to effecting positive change for cities by offsetting carbon emissions from all rides and promoting transportation equity through shared rides, bikeshare systems, electric scooters, and public transit partnerships.

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Lyft - Latest News and Updates

• Lyft's stock surged by up to 20% after announcing a $750 million share buyback program and reporting a profit of $0.01 per share, despite narrowly missing earnings estimates.
• Lyft CEO David Risher is applying leadership lessons from Bill Gates and Jeff Bezos by focusing on weaknesses and driving for Lyft to understand driver and rider frustrations.
• Lyft is focusing on regions with high car dependency, seeing over 30% growth in cities like Indianapolis and Charlotte, and plans to launch taxis in St. Louis and expand internationally to Quebec.
• Lyft launched its 2025 H1 Driver Release with a new Lyft Rewards program starting June 1, allowing drivers in most US regions to earn points on every ride.
• Dan Green ♻ has joined Lyft as Director, Lyft Enterprise in the United States, previously serving as VP Strategic Partnerships at Handshake.

• Lyft, along with Uber, reportedly has a 2-3 year driver waitlist in NYC, which could positively impact the struggling TLC insurance market.

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