Lyft’s cofounders, Logan Green and John Zimmer, will step back from their day-to-day roles as CEO and president, with David Risher as the new CEO.
A California appeals court reversed a lower-court ruling that had found Proposition 22 unconstitutional.
Lyft shares fell more than 20% during after hours trading after issuing weak guidance in its earnings report on Thursday.
The stocks making the biggest moves in premarket trading include Take-Two Interactive, Lyft, TripAdvisor, and more.
These are the stocks posting the largest moves in after-hours trading.
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