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Lyft hires new CEO following stock nosedive

(San Francisco, CA) -- Ride-sharing service Lyft has hired a new CEO as a recent earnings report prompted the company's co-founders to step back from management. David Risher, a former manager at Amazon and Microsoft, is taking over as chief executive of the Silicon Valley enterprise. The move comes after Lyft's stock price dropped 70-percent in the last year, despite ride
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