Lyft plunges nearly 20% after weak forecast sparks fears its losing race with Uber
Lyft shares plunged 17% on Wednesday after the company gave a weak outlook for the key summer quarter, sparking concerns that it is being edged out by rival Uber. Uber and Lyft, which reported strong results on Tuesday, are locked in a fierce battle for market share in the North American ride-hailing sector. Uber, which […]
California Supreme Court rules Uber, Lyft drivers classified as contractors
The California Supreme Court ruled Thursday that drivers for Uber and Lyft are classified as independent contractors, not employees. The court ruled in favor of Proposition 22, a years-old ballot measure, ending a legal battle that could have reshaped California’s gig economy if it had been overturned, The New York Times reported. This was pointed […]
Uber, Lyft win major ruling in California that treats drivers as contractors
California’s Supreme Court on Thursday upheld a voter-approved measure that allows app-based services such as Uber and Lyft to treat drivers in the most populous state as independent contractors rather than employees entitled to more benefits. The California Supreme Court’s decision is a major victory for the ride-hailing industry, which has argued that many companies […]
Lyft settles shareholder lawsuit over sexual assaults by drivers
Lyft plans to implement several safety and governance reforms to resolve a shareholder lawsuit that alleged its executives and directors did not do enough to stop drivers from sexually and physically assaulting passengers. The tentative settlement was filed Tuesday night in federal court in Oakland, California, and must be approved by a judge. Lyft agreed […]
Lyft driver peed while behind the wheel, rider claims in lawsuit
A New Jersey woman said she was left traumatized after her “vile” Lyft driver pulled out his penis and urinated into a plastic container during her Manhattan commute. The woman, identified in court documents as Jane Doe, said she called a Lyft just after 8 a.m. in March to get from her home in Fort […]
Lyft driver drugged, kidnapped, raped by passenger, Georgia police say | FOX 5 News
Alpharetta investigators say a Lyft passenger drugged, kidnapped and then raped his driver last month. FOX 5 is learning more … source
Uber, Lyft agree to minimum pay, benefits in Massachusetts settlement
Uber and Lyft agreed to provide drivers with a minimum wage, paid sick leave and other benefits as part of a $175 million settlement that resolves a years-long legal battle with the state of Massachusetts. Ride-share companies would be required to pay drivers a minimum wage of $32.50 an hour, provide one hour of paid […]
Uber, Lyft vow to stay in Minnesota after pay compromise passes Legislature
Ride-sharing companies Uber and Lyft announced they would continue operating in Minnesota after the state Legislature on Sunday passed a compromise driver compensation bill for the city of Minneapolis that the companies opposed. The bill, written by state House Democrats, would set a minimum wage of $1.28 per mile and 31 cents per minute for […]
Uber shares dip as Lyft zooms with female drivers
Uber stock tumbled Wednesday after the ride-hailing and food delivery company reported an unexpected first-quarter loss and weak outlook. Meanwhile, shares of e-hailing rival Lyft were volatile after the company reported a notable acceleration in year-over-year earnings. Recent earnings. Uber fell nearly 6% to close at $66.40 after predicting that its second-quarter gross bookings, a […]
Uber, Lyft to stay in Minneapolis until July as minimum wage hike delayed
Uber and Lyft postponed plans to exit Minneapolis on May 1 after the City Council delayed the effective date of the minimum wage increase by two months. Minneapolis City Council unanimously passes It was announced at Thursday’s meeting that the minimum hourly wage increase would be extended until July 1. CNN. The delay will give […]