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Home / Business / Lyft share drops on news that COO Jon McNeill is leaving

Lyft share drops on news that COO Jon McNeill is leaving



Lyft boss Jon McNeill leaves the company, a source familiar with the situation told CNBC. Lift shares fell more than 2% on Monday afternoon.

McNeill came to Lyft from Tesla, where he served as president of global sales and services. He started and operated eight technology and retail companies, according to Lyft's hiring report for McNeill in February 2018.

The news comes just months after Lyft's IPO in March. The stock had a rocky beginning of trading, but is up more than 5% over the past three months. Lift's market value has dropped nearly $ 4 billion since the end of its first trading day. The stock closed its first day with a market share of $ 22.2 billion, but is now at $ 1

8.6 billion.

Lyft declined to comment.

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