Activist pushing for governance changes and buyback proposal at Lyft

From Quiver Quantitative: 2025-04-29 21:26:00

Engine Capital is pressuring Lyft to explore strategic alternatives, including a potential sale, due to concerns over governance and capital allocation. With a $750 million share repurchase proposal and criticism of Lyft’s dual-class share structure, Engine aims to unlock value for shareholders. The company’s $2 billion cash reserves provide the means to act on these recommendations. The outcome of the proxy battle will shape Lyft’s future, potentially leading to governance reforms or a sale of the company. Lyft’s underperformance compared to Uber highlights the urgency for change amid shareholder unrest.



Read more at Quiver Quantitative: Activist Push Sparks Governance Overhaul and Buyback Proposal at Lyft (LYFT)