Lyft's stock climbs as co-founders exit board and company adopts one-share, one-vote structure.

Lyft's stock has risen after the company announced changes to its board and governance, including the departure of co-founders Logan Green and John Zimmer from the board and a transition to a one-share, one-vote structure. This change and recent financial results, which showed earnings above analyst estimates, have pleased investors. Despite slightly missing revenue forecasts, Lyft reported record gross bookings.