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The Latest Breaking News from David Risher

Rideshare Rivalry: Lyft Stock Shows Potential to Outperform Uber

Rideshare or ride-hailing has become mainstream, and an essential part of many commuter’s lives. In the United States, there exists a duopoly between Uber

MarketBeat

Lyft Stock Surges More Than 20% On Strong Outlook, Sales Beat

Lyft stock soared Thursday after reporting better-than-expected sales for the third quarter and earnings in-line with estimates.

Investors Business Daily

Lyft's CEO is on a quest to change the feature customers hate most

David Risher announced on the earnings call a new venture called Price Lock.

Fortune

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Analysts rethink Lyft stock price targets after earnings

Lyft CEO plans to 'whoop ass' on a major pain point that frustrates customers.

The Street

Lyft CEO reveals which customers surprisingly tip drivers the best

The CEO claims that the highest tips come from these unexpected groups of people.

The Street

Lyft CEO reveals the rideshare’s best tippers are Swifties still buzzing from the Eras Tour: ‘They’re in a pretty good mood and they’re more generous’

David Risher told Fortune passengers are more likely to tip when they’re happier, like after listening to a Taylor Swift song or enjoying an ice cream cone.

Fortune

What’s it like to take over the CEO job from a company founder? Lyft’s David Risher can answer that

How Lyft CEO David Risher learned how quickly his team responds to challenges.

Fortune

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Lyft Added More Female Drivers and Saw a 7% Stock Price Increase This Year

Lyft witnessed a 24 per cent rise in the number of female drivers working for them in the first three months of 2024 compared to the same period last year.

International Business Times UK

Lyft's CEO has apologized for its 'awful' response after a driver accidentally stole a customer's cat

David Risher, a former Amazon exec now CEO of Lyft, has apologized to customer Palash Pandey and his cat, Tux.

Fortune

The daily routine of Lyft's new CEO

David Risher, the CEO of Lyft, shares a day in his life.

Fortune

Lyft’s CEO is taking a page from high schools to create a return-to-office plan

Lyft employees may experience “first day of school” deja vu when they return to the office this fall.

Fortune

Last year, Lyft was ‘fully flexible.’ Now, its new CEO demands an office return

“It’s going to be super fun, I hope,” David Risher tells Fortune of Lyft’s new hybrid work plan.

Fortune

Lyft’s CEO and Jeff Bezos protege is so bullish on the ‘underdog’ company, he just invested $1 million in the company

Lyft CEO David Risher bought $1.1 million worth of company stock because the “great team” has him convinced of a bright future.

Fortune

Does Lyft's CEO Know Something Analysts Don't?

Lyft shares are down sharply from their 2023 highs - but with company execs buying, is the ride-sharing stock a top contrarian investment at current prices?

Barchart

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The Street

Uber CEO Explains Why He Doesn't See Lyft as a Threat

Uber's CEO shares his thoughts about his competitors as the company posts a second-quarter profit.

Fortune

Lyft's new CEO says his strategy is to 'copy' Jeff Bezos

Lyft's new CEO David Risher was Amazon's 37th employee—and he's brought Jeff Bezos's 'customer obsession' theory with him.

Fortune

Lyft launches new preorder option at airports ahead of a busy summer travel season

‘We want people to say, “I should have taken a Lyft.”’

The Independent UK

Lyft's new CEO tackles a job requiring some heavy lifting

Even before he joined Lyft’s board in 2021, David Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service

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Fortune

On Thursday, Lyft’s new CEO laid off over 1,000 employees. On Friday he ordered remaining ones back to the office

Lyft proudly announced just a year ago that employees could “work from the office, at home, or any combination of the two.”

Daily Mirror

Lyft to sack 1,072 employees with 26% of workforce to go amid Uber competition struggles

Lyft informed its workers on Thursday of the job cuts after their new CEO David Risher said the company needed to bring its costs down in order to deliver affordable rides

AFP

US rideshare firm Lyft plans major staff cuts

San Francisco (AFP) - US rideshare service Lyft on Friday sent word to employees that it plans a major staffing reduction to cut costs.

Tribune News Service

Lyft plans job cuts that may hit 30% of staff in overhaul

Ride-hailing company Lyft Inc. plans to cut at least 1,200 jobs in a fresh round of layoffs as the company struggles to reach profitability and compete with bigger rival Uber Technologies Inc.

The Independent UK

Lyft gears up to make 'significant' layoffs under new CEO

Lyft is preparing to lay off hundreds of employees

WEKU

Lyft is the latest tech company to cut jobs

Lyft will "significantly reduce" its staff to cut costs, said CEO David Risher, who took over as the ride-hailing company's leader just this week.

Fortune

Uber’s CEO moonlighted as a driver, and it pushed him to change how he runs the company

An experiment to put himself in drivers’ shoes pushed Uber’s CEO to “reexamine” his assumptions about the company.

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People

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