It’s been 4 months becauseand now it seems losing its chief running officer. Jon McNeill is apparently stepping down from the function, according to CNBC, which points out an individual knowledgeable about the scenario. Lyft decreased to comment.
The ride-hailing business has actually experienced a rough trip because its launching on the stock exchange at the end of March. After a, it’s been a downhill journey. Two sets of shareholders have actually taken legal action against the business for misrepresenting the strength of its service. Lyft’s from $22.2 billion in March to $18.6 billion today.
Lyft isn’t the only ride-hailing business to be having a tough time going public. Rival Uber has actually likewise seen flat trading and a loss of magnates. Along withfrom Uber’s board over the last 2 months, the business’s . Both business have actually likewise seen the .
McNeill signed up with Lyft as COO in February 2018. He concerned the ride-hailing business from Tesla, where he worked as the president of worldwide sales and service.
Separately on Monday,in its marketing department, according to The New York Times.
Originally published July 29, 12:05 p.m. PT
Update, 1:47 p.m.: Adds report of layoffs at rival Uber.