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801 Does Lyft Need a New Engine?

The Information
Martin Peers @ The Information · 04/16/2025 20:00 EDT

Does Lyft need a new engine to jump-start its performance? We’re thinking of activist investor Engine Capital, which has taken a stake in the ride-hailing firm and today said it would mount a proxy contest to win seats on Lyft’s board. Lyft’s stock price has been stalled (sorry) for years, trading at roughly 80% below its 2019 IPO price. It’s in the doldrums because of its No. 2 status in the U.S. ride-hailing market and its lack of diversification. Unlike its larger rival Uber, Lyft hasn’t broadened into f

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