Market Chatter: Lyft to Launch Rideshare Service for Teenagers

MT Newswires Live01-27 23:05

Lyft (LYFT) is launching a new service called Lyft Teen, which is aimed at providing rideshare services for teenagers, Bloomberg reported Tuesday.

The service will match passengers with drivers who have high ratings, and will require PIN authentication to confirm riders get in the right car, Bloomberg reported, citing a statement from Chief Executive David Risher.

The new service was included in the code supporting the most recent version of Lyft's smartphone app, which was uncovered by Bloomberg, the outlet reported.

Lyft didn't immediately respond to a request for comment from MT Newswires.

Shares of Lyft were down 2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 17.65, Change: -0.34, Percent Change: -1.86

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