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Read Why? Lyft co-founders Logan Green and John Zimmer Resign                                      

Lyft co-founders are stepping down due to internal discord over falling stock prices, the defection of drivers, and a vanishing customer base.

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The company promised to end traffic and lower emissions but relied mostly on cars to achieve these goals, which made transportation worse.

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Lean times at Lyft could spell trouble for its near monopoly on the country's bike-share market.

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Four of the five top bike-share systems by ridership in the US,                                                                                       

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including New York City, Chicago, San Francisco, and Washington D.C., are run by Lyft.

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Lyft's move into the bike-share industry began in 2018 when the company acquired Motivate, the largest bike-share operator in North America.

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ft paid over $100 million for a major Citi Bike expansion in New York City in 2018, which proved to be fortuitous during the pandemic as bike-share became a lifeline for New Yorkers.

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However, a single company now exerts near-total control over bike-share systems in many cities, and Lyft's budgeting calculations have previously left riders around the country stranded.

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Several US cities are investigating forming their own bike-share systems as market volatility and wariness of being at the mercy of Silicon Valley start-ups has increased.

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