Lyft co-founders to step down from ride-hailing firm's board
Green and Zimmer began serving as the chair and vice chair of Lyft's board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who has been a board member since 2021.
The duo founded Lyft in 2012, with the company now operating across four continents and nearly 1,000 cities.
Sean Aggarwal, who was the chair of Lyft's board from 2019 to 2023, will reprise his role.
Zimmer is launching a new consumer-focused business venture named YES&, while Green will continue as a venture partner at Autotech Ventures, a firm investing in the mobility and transportation sector.
Lyft, which recently completed its nearly $200 million acquisition of European mobility platform FreeNow, has signed a deal with China's Baidu 9888.HK to introduce the search-engine giant's robotaxis in the region.
It posted revenue of $1.59 billion in the second quarter, missing estimates of $1.61 billion, according to data compiled by LSEG.
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NBC News
2 hours ago
- NBC News
Lyft co-founders to step down from ride-hailing firm's board
Lyft said Thursday its co-founders, Logan Green and John Zimmer, are stepping down from the ride-hailing services provider's board, following the completion of a two-year transition plan. Green and Zimmer began serving as the chair and vice chair of Lyft's board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who has been a board member since 2021. The duo founded Lyft in 2012, with the company now operating across four continents and nearly 1,000 cities. Sean Aggarwal, who was the chair of Lyft's board from 2019 to 2023, will reprise his role. Zimmer is launching a new consumer-focused business venture named YES&, while Green will continue as a venture partner at Autotech Ventures, a firm investing in the mobility and transportation sector. Lyft, which recently completed its nearly $200 million acquisition of European mobility platform FreeNow, has signed a deal with China's Baidu to introduce the search-engine giant's robotaxis in the region. It posted revenue of $1.59 billion in the second quarter, missing estimates of $1.61 billion, according to data compiled by LSEG.
Yahoo
2 hours ago
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Samsung's upcoming tablets don't appear too energy efficient in leaked labels
The European Union's European Product Registry for Energy Labeling (EPREL) mandate is proving to be a goldmine for tech enthusiasts. For reference, the label, which is mandatory for certain energy-related products imported into the EU market, displays information like battery life on a single charge, average charging cycles before the product's battery degrades, drop, dust, and water resistance, alongside repairability ratings. The labels were introduced to enhance transparency in the market, though they now also serve as an early leak source for unreleased products. We already know a lot about the remainder of the tech South Korean tech giant Samsung aims to release within 2025, and a new EPREL leak just corroborated some of those details. We're talking about the Samsung Galaxy S25 FE, and the trio of the Tab S10 Lite, Tab S11, and the Tab S11 Ultra, EPREL labels for which were shared by @Sudhanshu1414 on X (via SamMobile). Galaxy S25 FE Expected to be released earlier than usual (as confirmed by Samsung itself), the Galaxy S25-based Fan Edition device should last roughly 42 hours on a single charge. The figure is derived from standardized tests, and, of course, this figure will change depending on your usage. For what it's worth, early leaks suggested that the Galaxy S25 would run on a 4,500mAh cell, which is actually smaller than its predecessor's battery. That leak was put into contention by a leaked Tesco listing yesterday that suggested the S25 FE will instead offer a 200mAh battery bump over its predecessor with a 4,900mAh cell. You'll be able to charge the bigger cell at 45W wired charging speeds, with the device packing roughly 2,000 charges before its battery capacity significantly degrades. The device will reportedly have a Class A drop resistance, which is the highest rating in EPREL's standard, paired with a B in energy efficiency, and a C in repairability. Tab S10 Lite The cheaper Tab S10 Lite is coming this year, as confirmed by a Google Play Console listing. From what we already know, the entry-level tablet will be powered by the mid-range Exynos 1380 5G chipset, with 6GB of RAM, and both Wi-Fi and cellular variants. The device will reportedly last 87 hours and 42 minutes on a single charge, with an S25 FE-like 2,000 charge cycle endurance. It'll offer IP42 water and dust resistance, paired with an abysmal E rating for drop resistance (expected for a tablet). Energy efficiency and repairability aren't great either, with an E and C rating, respectively. You can expect the Tab S10 Lite to cost less than the Tab S10 FE's starting price of $500. Tab S11 and Tab S11 Ultra Samsung has confirmed that the Tab S11, and its higher-end sibling, the Tab S11 Ultra, are both landing this year. Although the two will have major differences when it comes to specs, they look identical in theseEPREL ratings. The only difference between the two is that the cheaper Tab S11 will run for 81 hours on a single charge, while the Tab S11 Ultra will go up to 94 hours and 51 minutes without you having to plug it in again. Apart from that, both upcoming tablets are expected to offer the worst energy efficiency the standard has for tablets, paired with an E in drop resistance. Both tablets will retain the majority of their battery capacity for roughly 1,200 charging cycles, and will offer average repair difficulty with a Class C repairability rating. The Samsung Galaxy S25 FE is expected to be unveiled sometime in late August or early September, with the new tablets making their way to the market later in the year.
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Your Daily FinanceScope for August 15, 2025
The best things in life are free, but we could all use some extra cash. Let us lead you to the land of green with our daily finance horoscope! Aries Filling your house with possessions just for the sake of filling your house with possessions is a foolish move. The bigger the house, the more foolish it is. If you need proof, just look around you. In other words, be patient. Taurus You should always prepare to win, but don't forget to prepare for a loss, too. Make sure the emergency preparations stay in the back of your mind. Keep profits front and center. Gemini The simple act of concentration feels beyond you. The odd thing is, if you give your mind over completely to lofty ideas, you can come back to concrete matters that much easier. Go for fiction before numbers. Cancer The fete you're imagining isn't lunch at home. It's more along the lines of a dinner party. Whatever venue you choose for this particular gala, make sure you can put on a top notch celebration within budget before sending out the invites. Leo You're getting a bit of a reputation for stopping halfway. No one wants to be the first to mention it but be certain it's there. Make it your job to complete all projects you start today, even if you can't see the immediate payoff. Is your job fulfilling? Stay aligned with your Personalized Career Horoscope! Virgo What with scrambling to make ends meet and worrying about your future, you have no energy left over for soul searching. That's actually not much of a loss. In fact, you haven't even noticed how long it's been. Libra Food is one of your favorite indulgences, and contrary to popular belief, that's not a bad thing. If you want the very best, use that as incentive for making a bigger and better income. Conjure up a gourmet meal. Scorpio Drastic times call for drastic measures. You finally get your chance to show what you're made of. Be bold and daring when it comes to money -- investing, saving or just plain earning it. Sagittarius It's hard to be analytical in this financial climate. You still haven't gotten a grip on just how to invest in the future. Take your time. Cover the details until the bigger picture slowly emerges. Capricorn Nobody is getting any discounts, not even you. That has nothing to do with sales prices and everything to do with penalties or entrance fees. Make extra sure you play by the rules. Aquarius The past is just that, the past. Don't squander your present thinking about it. When someone brings up former glory, feign boredom until the subject passes. The last things you need to feel right now are pangs of regret. Pisces It feels like nothing will make up for a lack of money. Let yourself wallow for a minute, then come up with an emotional rescue plan. Making a good dinner from what's on hand could be your best bail out. Receive a personalized guide to the next year of your life with a 12 Months Personal Transits Report. Solve the daily Crossword
