In the latest in a series of moves by new CEO David Risher to turn around the company, Lyft is exploring strategic alternatives for its bikes division and looking to sell its fleet or forge a partnership with an investor that infuses cash into the division, people familiar with the matter told The Wall Street Journal’s Preetika Rana and Emily Glazer. Lyft, which bought a bike-rental operation in 2018, wants the prospective buyer or investor to continue to list bikes on its app so riders don’t experience significant changes, the report noted.
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