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 […]
Georgia Lyft passenger accused of raping, kidnapping, robbing driver
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Uber, Lyft drivers shut down apps, boycott at Atlanta airport | FOX 5 News
Dozens of Uber and Lyft drivers have shut down their apps at the Atlanta airport during one of the busiest holiday travel periods. source
Minnesota: Uber And Lyft Will Stop Offering Service In Minneapolis, Citing New Minimum Wage Law
(Photo by ROBYN BECK/AFP via Getty Images) OAN’s Brooke Mallory5:21 PM – Friday, March 15, 2024 In Minneapolis, the city council overturned a previous mayoral veto of the minimum wage for rideshare drivers. Therefore, Lyft and Uber will no longer operate in Minneapolis. advertisement The override, approved by a 10-3 vote at Thursday’s City Council […]
Lyft, Uber plan to leave Minneapolis after city council forces them to hike driver pay
Lyft and Uber announced plans to expand their operations in Minneapolis after the Minneapolis City Council passed a resolution Thursday that overrode the mayor’s veto and requires ride-hailing services to raise driver wages to the equivalent of the local minimum wage of $15.57 an hour. announced that it would be discontinued. Lyft called the ordinance […]
Lyft partners with trans woman to promote new feature connecting female, nonbinary drivers with riders
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Uber, Lyft threaten to stop operations in Minneapolis if mandatory driver raises become law
Uber and Lyft are threatening to shut down operations in Minneapolis, Minnesota, on May 1 if a proposed driver raise ordinance passes. fox business report. The Minneapolis City Council approved the ride-sharing ordinance Thursday on a 9-4 vote. Minneapolis Democratic Mayor Jacob Frey vetoed the bill Friday, citing concerns that Uber and Lyft would leave […]
Uber and Lyft threaten end to service in Twin Cities due to minimum wage mandate
Mark Mahaney, senior managing director at Evercore ISI, argued for raising Uber’s price target and explained his reasons for distancing himself from Snap on “Barney & Company.” Ride-sharing companies Uber and Lyft are threatening to pull out of Minnesota’s largest city in response to a law regulating minimum wage for drivers. The two competing companies […]