Does Lyft have a new CEO?

Lyft sliced its office space in half for a 'fully flexible workplace' so employees could live anywhere. Now its new CEO wants remote workers back in office. Four months ago, David Risher became CEO of ride-sharing giant Lyft at a crucial juncture.



As of early 2026, David Risher continues to serve as the CEO of Lyft. He took the helm in April 2023, replacing the company's co-founders, Logan Green and John Zimmer, who moved into board roles. Risher, a former Amazon and Microsoft executive and co-founder of the non-profit Worldreader, was brought in to lead a major turnaround effort for the ridesharing giant. Under his leadership through 2024 and 2025, Lyft focused on a "back-to-basics" strategy, which included significant corporate restructuring, the elimination of several experimental business units, and a renewed focus on competitive pricing to better battle Uber. He also introduced several driver-centric features, such as a "minimum earnings guarantee" (the difference between what a rider pays and what a driver earns, after external fees) to improve driver retention. While the executive team has seen other changes—such as the appointment of Erin Brewer as CFO in late 2023 and Lindsay Llewellyn as Chief Legal and Business Officer in July 2025—Risher remains the primary face of Lyft's ongoing "comeback story."

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Lyft announced on Monday that Amazon veteran David Risher will join as chief executive next month, and that co-founders Logan Green and John Zimmer will step down from their management positions at the ride-hailing company.

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What happened? Well, as predicted, Uber didn't want to spend the $9 Billion that Lyft was asking for. In 2014, Uber tried to acquire the app with no success. Then, in 2019, Uber was prepared to buy Lyft for $7 Billion, but the ship had sailed, and Lyft rejected the idea, and instead stayed a separate entity.

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The company said that David Rischer, a former executive at Amazon and Microsoft, will replace Green as the company's CEO after a “thorough search process conducted by the Lyft board with the assistance of a leading executive search firm.”

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What is the 52 week high and low for Lyft (NASDAQ: LYFT)? How much is Lyft stock worth today? (NASDAQ: LYFT) Lyft currently has 386,237,965 outstanding shares. With Lyft stock trading at $10.77 per share, the total value of Lyft stock (market capitalization) is $4.16B.

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Lyft, Inc. is an American company offering mobility as a service, ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery in the United States and select cities in Canada.

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Lyft reported a net loss of $187.6 million, or 50 cents a share, including stock-based compensation costs and related payroll expenses of $186.6 million. In the year-ago period, the company lost $196.9 million, or 57 cents a share.

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The company reported an adjusted Ebitda loss of $248 million during the final three months of 2022. Lyft attributed the loss to a regulatory disclosure change that requires companies to count insurance reserves, cash set aside to pay for claims and other insurance expenses, in financial measures.

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Lyft is facing lawsuits from drivers and passengers who say they were sexually assaulted during rides. They're accusing the ride-hailing company of failing to protect them.

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Dara Khosrowshahi - CEO - Uber | LinkedIn.

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The deal, which is expected to close in the third quarter of 2021, brings to an end Lyft's four-year journey toward developing and deploying its own self-driving cars. The company follows its rival Uber in off-loading its costly autonomous vehicle division in a bid to stop losing so much money.

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In terms of the hourly rate, Lyft is generally considered to pay slightly more than Uber. However, there is no set hourly rate for either app since drivers are paid instead on a piece-rate basis. As such, this is important to consider as part of your decision since the hourly rate will likely vary.

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The answer to this question is yes and no. While Google doesn't own Uber outright, they have invested a lot of money into this ride sharing company. They have contributed more than $250 million through their venture capital company, Google ventures. Which means that at this stage, Google owns about 5-6% of Uber shares.

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