From Yahoo Finance: 2025-04-29 09:33:00

Activist investment firm Engine Capital pressures Lyft to explore strategic alternatives, including a potential sale due to board’s lack of financial expertise. Engine nominated two directors to encourage board consideration of sale options and proposed a $750M share buyback plan. Lyft, confident in prospects, cites recent European market entry and share buyback program. Lyft shares down 83% since IPO, valued at $5.2B compared to Uber’s $164B. Engine criticizes Lyft’s dual-class share structure and calls for board changes to address equity dilution.



Read more at Yahoo Finance: Engine Capital pushes Lyft to explore strategic options, including sale