Billion-Dollar Bezos Divorce Seen as Lesson for Lyft’s Founders

Lyft Inc.'s paperwork for going public includes language to make sure its co-founders keep control of the ride-hailing company even if they divide up their stock in a divorce.

Co-founders Logan Green and John Zimmer both hold supervoting stock, a trend among founder-led firms that’s drawn the ire of some investors. Their stock comes with 20 votes per share and lets them together control about half of the vote at Lyft after its planned March 28 initial public offering, which could be the biggest from a tech startup since Snap Inc.'s debut.

If a Lyft founder got divorced, stock held ...