Lyft’s CEO Says, ‘We’re the Good Uber’
Three Years AGO, Lyft was floundering. The perpetual also-ran to Uber was in danger of being run off the road entirely. The founders were in charge, and in March 2023, they hired former Microsoft and Amazon executive David Risher to turn things around. The new CEO has expanded its service in other countries, made deals with Waymo and Nvidia, lowered ride cancellations, and paid drivers more. Just this week, Lyft announced that customers in New York would also see taxis among their options. The company now reports a profit—but it’s still deep in second place in ride-sharing, and its stock has been down this year. I recently spoke to Risher on Lyft’s prospects, his jaundiced view of Uber, and his plans to manage fleets of autonomous cars owned by tech companies or civilians.
STEVEN LEVY: Where are you on your turnaround mission?
DAVID RISHER: When I came in,...
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