Lyft's $260M Trading Volume Dives to 391st as Driver's Criminal Case Sparks Ride-Hail Safety Scrutiny

On August 11, 2025, Lyft (LYFT) closed with a 0.37% gain, while its trading volume dropped 21.66% to $260 million, ranking 391st in market activity. A criminal case involving a 27-year-old Lyft driver has drawn attention, with court documents detailing allegations of sexual assault against an unconscious passenger. Luis Carlos Ramos Teixeira, who pleaded not guilty, is accused of leaving the victim in his vehicle for over an hour, during which her bra was removed and pants unzipped. Lyft confirmed it is reviewing the situation but has not issued a public statement. The incident has sparked scrutiny over safety protocols for ride-hailing services.

Authorities collaborated with Lyft to identify Teixeira through app profile data and surveillance footage, highlighting the company’s role in the investigation. The victim’s account—she consumed only two drinks and no substances from the driver—has been emphasized in court filings. The case, now pending a dangerousness hearing, could influence public perception of ride-sharing platforms and regulatory responses. Lyft’s muted market reaction suggests limited immediate impact, though prolonged legal exposure might affect brand trust in the long term.

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