Lyft's CEO Open to Selling and Taking Inspiration from Bezos to Turn Around Company.

Lyft CEO David Risher stated in an interview that the ride-hailing giant is "open to offers" for acquisition, a change in tone from his previous optimistic outlook. However, Risher also clarified that the company is not actively pursuing a sale. With a share price that has dropped almost 90% since going public in 2019, Lyft is currently valued at $3.1 billion, while Uber's valuation is 25 times higher. Lyft has ceded market share to Uber, falling to 26% from 38% since 2020, and Risher hopes to turn the trend around with cost savings invested in competitive pricing, faster pick-up times, and better driver earnings.