A dismal quarterly prediction increased worries that price reductions made to compete with larger rival Uber.
David Risher stated service for riders as well as drivers would be their main focus and also, the cost of rides.
Over three-quarters of Lyft’s worth was wiped out in 2022, and stocks are dropped approximately 13 percent this year.
During Monday’s after-market trade, Lyft stock increased by nearly 3 percent.
As the leader of the nonprofit Worldreader, Risher worked to promote children’s reading habits by facilitating the delivery of around 75 million ebooks to 21 million kids.
David Risher will receive a $3.25 million transfer fee in addition to a $725,000 yearly wage.
Green will assist as the company’s chairman and Zimmer will be the vice chairman.