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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 […]

Georgia Lyft passenger accused of raping, kidnapping, robbing driver

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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 […]