Lyft founders plan to control company through supervoting shares ahead of IPO
February 12, 2019 at 17:32 PM EST
The founders of Lyft Inc. are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, despite together owning a stake of less than 10%, making them the latest Silicon Valley entrepreneurs to secure outsize influence over a hot startup as it enters the public markets.