My interview with Lyft CEO David Risher
You'll never believe what he told me on our new episode of Full Signal.
Lyft CEO David Risher still makes time to drive Lyft passengers every 6 weeks.
It only makes sense, he told me, as someone maniacally obsessed with improving the customer experience.
David — who was an early employee at both Microsoft and Amazon — joined Lyft in 2021 as a board member before stepping into the CEO role in April 2023.
Since he took over, the company has become more profitable and grown its market share against Uber, which remains the category definer in the duopoly that is the ride-sharing business.
Lyft stock, though, has fallen 32% to start the year, despite coming off its best quarter on record.
The market believes autonomous driving will eat the ride share industry’s lunch.
But the opposite is going to happen, David said, and Lyft is actually better positioned than its rival to capitalize on the AI era.
David joined me in New York City for a wide-ranging interview on Full Signal this week, riding a Citi Bike to the studio during a 92-degree afternoon.
We had a fascinating, no-nonsense conversation.
Among other topics, I pressed him on why Lyft stock has dropped 32% this year and underperformed Uber, how he sees autonomous vehicles changing the business, and whether he would entertain an acquisition offer from Google or Tesla.
This is one of the most unique conversations I have shared with someone on the show.
I hope you give it a listen — and do leave a review with you thoughts!
You can tune in on Spotify, Apple Podcasts, or YouTube.
I am looking forward to hearing your feedback.
Stay sharp and talk to you soon!
Phil Rosen
Co-Founder & CEO, Opening Bell Media
Chief market strategist, ProCap Financial