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A Lyft vehicle in Santa Monica, California, with the original grill-stache branding, since retired. Lyft was launched in the summer of 2012 by computer programmers Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport that they founded in 2007 after Green shared rides from the University of California, Santa Barbara ...
John Zimmer is the co-founder and former president of Lyft, an on-demand transportation company, [1] which he founded with Logan Green in 2012. [2]In March 2023, Zimmer announced that in June he would step down as Lyft president and become vice-chair of the board of directors.
Logan D. Green is the chairman and former CEO of Lyft, [1] which he co-founded with John Zimmer in 2012. [2] Lyft grew out of Zimride, a rideshare company previously founded by the duo in 2007. [3] [4] As of July 2017, Lyft provides over 1 million rides a day. [5] As of October 2017, Lyft is available in all 50 United States and in Toronto.
[22] [23] At end of July 2020, Lyft and Sixt announced a joint venture, where Lyft app users can rent a car from both partners through the app. [24] In December 2021, the company expanded to Australia via a partnership with the NRMA. 160 branches and a total of 16,000 vehicles are thus franchised under the Sixt brand. [25] [26] [27]
Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping ...
Drivers working for ride-hailing services such as Uber Technologies Inc and Lyft Inc will now be considered employees under California's new gig worker law, the state's public utilities agency ...
Lyft has been sued by shareholders for securities fraud after a mistake in a recent earnings release about a key profit metric sent the ride-sharing company's stock price on a wild ride up, and ...
In 2013, California became the first state to regulate such companies; they are regulated as public utilities by the California Public Utilities Commission and the legal term used is "Transportation Network Company" (TNC). [22] In the 2020s, a few companies such as Waymo began offering rides in robotaxis. Many pilot cities complained of ...
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