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16.08.25 - 14:00
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Can Lyft Win by Staying Small? (Fool)
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Lyft has long been the underdog in ride-hailing, but its focused approach and recent expansion into Europe could change the game....
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14.08.25 - 22:06
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Lyft Announces Updates to Board of Directors and Enhanced Voting and Governance Structures (Business Wire)
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Co-Founders Logan Green and John Zimmer to Step Down from Lyft Board and Convert Class B Shares
Sean Aggarwal Elected Board Chair, Maintaining Board Leadership and Enhancing IndependenceSAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) today announced that its co-founders, Logan Green, Chair of the Board, and John Zimmer, Vice Chair of the Board, intend to step down from the Lyft Board of Directors (the “Board”) on August 14, 2025, marking the successful completion of a two-year transition plan. Green and Zimmer will also convert all shares of Lyft Class B common stock to Lyft Class A common stock on August 15, 2025. Following the conversion, all holders of Lyft common stock will hold Class A common stock with equal voting rights, and Green and Zimmer will collectively own approximately 9.69 million shares of Lyft Class A common stock.
In connection with the transition, Sean Aggarwal has been elected to serve as Chair of the Board, enhancing the Board's independence. Aggarwal joined the Board...
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10.08.25 - 02:12
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China′s Baidu To Deploy Its Self-Driving Taxis Globally Through Deals With Lyft, Uber (ZeroHedge)
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China's Baidu To Deploy Its Self-Driving Taxis Globally Through Deals With Lyft, Uber
Authored by Alex Wu via The Epoch Times (emphasis ours),
The “Google of China,” Baidu, and U.S. ride-hailing company Lyft announced on Aug. 4 that they have reached a deal to deploy self-driving taxis in Europe next year.
A taxi driver operating his car on a road alongside a self-driving robotaxi developed as part of tech giant Baidu's Apollo Go self-driving project, in Wuhan, Hubei Province, China, on Aug. 2, 2024. Pedro PARDO/AFP
The plan, which is still pending regulatory approval, is to use Baidu's electric RT6 robotaxis to operate on Lyft's platform. The service will first launch in the UK and Germany.
The two companies aim to deploy thousands of China-made vehicles across Europe in the coming years. Lyft has access to operations in nine countries and more than 180 cities in Europe, after its recent acquisition of European mobility app FreeNow.
The deal with Lyft comes just weeks after Baidu sign...
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08.08.25 - 18:24
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Tesla Shares Jump As Robotaxi Secures Texas Rideshare Permit (ZeroHedge)
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Tesla Shares Jump As Robotaxi Secures Texas Rideshare Permit
Tesla shares rose in early New York trading after Tesla Robotaxi LLC secured a rideshare license in Texas for its robotaxi Model Y fleet under the state's new autonomous vehicle regulations, which take effect Sept. 1.
Tesla Robotaxi LLC is now registered as a transportation network company with the Texas Department of Licensing and Regulation, joining the ranks of operators such as Lyft.
As previously reported by Reuters, the new law states that operators of robotaxis must obtain a permit from the Texas Department of Motor Vehicles before deploying the autonomous vehicle without a human safety supervisor in the front passenger seat. It also gives the state government the authority to revoke the permits if these vehicles are a danger to the public.
Comparison of Tesla's vs Waymo's Robotaxi geofence map in Austin, Texas.
Today, @Tesla doubled in size their geofence area. pic.twitter.com/Os7Umha2Kp
— Sawyer Merritt (@SawyerMerri...
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07.08.25 - 22:43
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Trump Says Intel CEO ′Conflicted′ and Should Resign | Bloomberg Tech 8/7/2025 (Bloomberg)
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Bloomberg's Caroline Hyde discusses President Donald Trump's call for Intel CEO Lip-Bu Tan to resign. Plus the White House considers 100% tariffs on semiconductors, with a carveout for companies that move production back to the US including Apple. And the CEOs of Lyft, DraftKings and Duolingo all join to discuss their companies' quarterly earnings. (Source: Bloomberg)...
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