How Lyft cut cancellations and became profitable

View profile for David Risher
David Risher David Risher is an Influencer

CEO, Lyft

Most shareholder letters are pretty dull. Sure hope this one isn't! Here's what I wrote about: - Enshittification: Why it’s taking over the internet — and how we’re fighting back; - How we cut driver cancellations by 61%, and what that means for riders and drivers; - Lyft’s first-ever profitable, free cash flow positive year — what it took to get here, and where we’re headed next. Hope you enjoy... and maybe even learn something you can use. https://lnkd.in/efpcSFyD

Cameron S.

Premium Podcast Strategy & Brand Positioning | 100+ Brands Served | Partner & Head of Strategy at PodKind

2mo

Reaching profitability is huge in world of Unicorn companies that never turning a profit.

Zara Dana, PhD

Artificial Intelligence and Machine Learning Leader

2mo

Appreciate your insights about Falcon mode to defy against enshittification. Very insightful read! I quote "use that flow of information not to provide low-altitude answers, but to prompt high-altitude questions." This is excellent advice for any leader

Makeda Hubert

Leadership Development Specialist and Financial Literacy Coach at Global Currencies

2mo

Thanks for sharing, David! Congrats on your success!

Julia Weisbrod

San Francisco Account Manager - Integra Biosciences Liquid Handling

1mo

Hi David and Lyft want to give some quick feedback about an ongoing issue I’ve had since November 2024! Unfortunately a driver doesn’t feel obligated to return my AirPods to me and I see he continues to use them on the Apple find my app. Do you believe this is good customer service? Just let me know 😊

Brooke Monk

Digital Content Creator | 55M+ Followers on Social Media | Forbes #37 Top Creator

2mo

Great insight!

Darren Sassienie 💎 The Billionaire Coach

💎The Billionaire Coach | 30+ Years Trusted Advisor to 450+ CEOs, Founders, NED, VC, Board, Chair, Elite Athletes, HNWI, UHNWI | Master Yourself & An Unstoppable 10/10 Life | Private 1:1 Coaching (Invite-Only) DM to Chat

2mo

Congrats on profitability. Great video and read David Onward and upwards Darren Sassienie 💎 The Billionaire Coach

Congratulations!! Love the educational approach ❤️ We're learning economics in realtime.

Caroline Veenman-Willaert

Noem me coach, specialist, expert, Laat de naam niet in de weg staan iets te veranderen wat niet goed loopt. Er komt nooit een perfect moment. Actie nemen is de eerste stap naar nieuwe mogelijkheden

2mo

Congratulations David, on these impressive results, and thank you for sharing such a clear and accessible story. Very inspiring. What stood out to me in particular is the simplicity and sharpness with which complex developments are communicated, something many organizations inadvertently lose through jargon and overcomplication. That’s what i notice as an outsider. Your approach demonstrates that true transformation starts with radical customer focus, clear communication, and the courage to stay deeply connected to the real customer experience. In my experience as a coach, these principles are not only applicable to Lyft but to any organization that aspires to achieve sustainable growth by serving better. Truly inspiring to see how clarity and decisive action come together to deliver such outstanding results. Once again, congratulations, and thank you for sharing your thinking with the rest of us! 🙏🏼

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