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Benzinga
Benzinga
Business
Henry Khederian

As Lyft Overhauls Governance, Investor Optimism Over Simplified Structure Boosts Stock Momentum

Lyft Lyft Inc
Ivano-frankivsk,,Ukraine,-,May,10,,2019:,Lyft,Logo,On,Smartphone

Shares of LYFT Inc (NASDAQ:LYFT) are trading higher Friday afternoon after the company announced updates to its board of directors and corporate governance structure. Here’s what investors need to know.

What To Know: The ridesharing firm revealed that co-founders Logan Green and John Zimmer have stepped down from the board, effective August 14.

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