NasdaqGS:LYFTTransportation
Lyft Teen Launch And Regulatory Shifts Test Disciplined Growth Story
Lyft (NasdaqGS:LYFT) has launched Lyft Teen, a monitored rideshare option for minors, marking an expansion into a new customer segment.
The company recently reported a quarterly period in which revenue did not meet internal expectations, with management pointing to higher promotions and regulatory reserve adjustments.
CEO David Risher highlighted growth in active riders and a focus on running the business with more discipline following the challenging quarter.
Lyft operates a rideshare...