Tag: Taxi/limousine services
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Lyft hires new CEO as founders step back amid competitive battle
Lyft Inc., LYFT -2.74% struggles with competition and a battered stock price, taps a board member as CEO, and the two co-founders will step down from managing the company, the ride-sharing company said Monday. David Risher, who held management positions at Amazon.com Inc. and Microsoft Corp. before starting a non-profit children’s reading organization in 2009, […]
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Uber, Lyft win as California court upholds right to treat drivers like contractors
Uber Technologies Inc., UBER -0.93% Lyft Inc. LYFT -2.87% and other companies won a California court ruling that maintains their model of independent contractors in the state and could boost their efforts to maintain that model elsewhere. A state appeals court said workers should continue to be treated as independent contractors under a California ballot […]