|Day's range||5.40 - 5.56|
Lyft's incoming CEO reveals some of his early thoughts on where he would like to take the business.
Shares of Lyft (NASDAQ: LYFT) were on the move today after the ride-sharing operator announced a change in management. It said that the two co-founders would relinquish their roles in day-to-day operations and David Risher, a former Amazon and Microsoft executive, would become the next CEO. It was down 4% by 1:46 p.m. ET after Risher said the company wasn't interested in selling itself.
Lyft (LYFT) continues to struggle, as evidenced by the 12.9% year-to-date decline in its shares.