At Lyft, Falcon Mode is his response to what he calls the “gravitational pull of enshittification,” the slow erosion of product quality in the pursuit of short-term gains.

• LYFT stock declined 88.1% from a peak of $67.42 on 15 March 2021 to $7.99 on 24 May 2023, against a peak-to-trough drop of 25.4% for the S&P 500 • The stock is still yet to rebound to its ...