Lyft staff pressed founders for change as Uber pulled ahead, WSJ reports

Lyft’s (LYFT) leadership change this week followed months of discontent among some employees over the company’s shrinking market share and stock price, The Wall Street Journal’s Preetika Rana and Emily Glazer report. As the ride-share company has struggled with competition from Uber (UBER), some people within the company had been questioning the leadership of its co-founders-Chief Executive Logan Green and President John Zimmer-for months. Some investors and stock analysts also had urged change. In recent meetings and Slack messages, employees had questioned whether Messrs. Green and Zimmer were still the right people to lead the business, according to attendees and messages described to The Wall Street Journal. The board found out about employees’ concerns and discussed the issue, people familiar with the discussions said. Reference Link