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. The founders, John Zimmer and Logan Green, who serve as president and chief executive, respectively, are working with underwriters and lawyers on a plan to create a class of shares with extra votes that they will...

Source: Wall Street Journal February 12, 2019 13:32 UTC