BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Lyft Stock Surges on Leadership Transition and Global Expansion
Lyft Stock Surges on Leadership Transition and Global Expansion
13
3
BTCCSquare news:
Lyft shares jumped 8.21% to $15.82 on August 15, 2025, extending gains slightly in after-hours trading. The rally followed news that co-founders Logan Green and John Zimmer will step down from the board in 2026, eliminating the company's dual-class share structure. This governance overhaul comes as Lyft posts an 11% revenue increase to $1.59 billion for Q2, with EPS beating expectations at $0.10.
Strategic moves into Europe through acquisitions like FreeNow and partnerships with Baidu Apollo Go are fueling optimism. Despite ongoing profitability challenges, Lyft has delivered a 46% return over the past year. The transition marks a new chapter for the ride-hailing firm as it seeks to capitalize on international growth opportunities.
By:
