Lyft’s Cofounder Stepped Down Two Years Ago. Now He’s Ready To Talk [Forbes]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: Forbes
Who can blame him? Uber vs. Lyft had to be one of the most intense start-up fights in recent memory, a David vs. Goliath tale pitting Uber (which raised $3.5 billion dollars from the Saudis in 2016) against Lyft, the pink mustache company. At one point, Uber was actually paying drivers not to work for Lyft. Even one of Lyft's own board members had his doubts about the company's future, advising Zimmer to return to investors whatever cash they had left on-hand and close up shop. Zimmer and his cofounder Logan Green doubled down instead, raising more money and riding a moment of anti-Uber backlash to within an inch of category dominance—until COVID-19 hit. Uber recovered faster from the pandemic (in parts thanks to UberEats). And in June of 2023, Zimmer and Green stepped down from day-to-day operations at Lyft. David Risher, who'd helped build Amazon into an e-commerce titan, was named as the company's CEO. Green now serves as the board's non-executive chairman, while Zimmer is the v
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- 11/5/25 - Beat
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