The NY state attorney general’s office has secured two “landmark settlements” totaling $328 million to resolve a multiyear investigation into rideshare companies Uber and Lyft that found they had cheated thousands of drivers out of hundreds of millions of dollars.
Tag: Lyft
Lyft to Pay $10M for Concealing Director’s Role in Pre-IPO Stock Sale
Ridesharing company Lyft Inc. has agreed to pay a $10 million civil penalty to resolve Securities and Exchange Commission (SEC) allegations that it failed to report a board director’s involvement in a $424 million private share sale before the company’s initial public offering (IPO).
Court Rules Uber, Lyft Can Label Gig Workers as Contractors
Uber Technologies Inc., Lyft Inc. and other gig economy companies scored a victory after a California appeals court upheld the current law classifying gig workers as independent contractors instead of employees.
Argo AI, Ford and Lyft to Launch Self-Driving Ride-Hail Service in Miami and Austin
Self-driving startup Argo AI, carmaker Ford Motor Co. and ride-hail company Lyft Inc. on Wednesday said they partnered to offer robotaxi trips to Lyft customers in Miami and Austin. The service is expected to launch in Miami later this year and in Austin next year with a safety driver inside the Ford Escape hybrid vehicles.… Continue reading Argo AI, Ford and Lyft to Launch Self-Driving Ride-Hail Service in Miami and Austin
Biden Administration Blocks Trump-Era Rule Affecting Gig Workers
The Biden administration on Wednesday blocked a Trump-era rule that would have made it easier to classify gig workers who work for companies like Uber and Lyft as independent contractors instead of employees, signaling a potential policy shift toward greater worker protections. Shares of companies that employ gig labor such as Uber, Lyft and DoorDash… Continue reading Biden Administration Blocks Trump-Era Rule Affecting Gig Workers
Uber, Lyft Have a California Playbook to Fight Poposed U.S. Rules on Workers
Uber, Lyft and other gig-economy companies face a new challenge from the Biden administration to their use of contract workers, but as they gear up for a fight in Washington they could turn to a lobbying playbook that helped them score a decisive win against California regulators last year. U.S. President Joe Biden campaigned on… Continue reading Uber, Lyft Have a California Playbook to Fight Poposed U.S. Rules on Workers
Gig Companies Oppose U.S. Push for Worker Employee Status, Suggest Compromise
Under growing threat by a new U.S. administration insistent on reclassifying ride-hail and food delivery workers as employees with full benefits, gig economy companies including Uber, Lyft, Doordash and Instacart are pushing to keep drivers’ independent contractor status, albeit with additional benefits. The companies, whose business model relies on low-cost flexible labor, argue that surveys… Continue reading Gig Companies Oppose U.S. Push for Worker Employee Status, Suggest Compromise
California Voters Exempt Uber, Lyft, DoorDash from Reclassifying Drivers
Uber Technologies Inc., Lyft Inc. and DoorDash Inc. won a pivotal vote in California that exempts them from reclassifying their drivers as employees, according to the Associated Press. The companies, along with Postmates Inc. and Instacart Inc., collectively contributed around $200 million to support Proposition 22, a measure that allows them to bypass a state… Continue reading California Voters Exempt Uber, Lyft, DoorDash from Reclassifying Drivers
Uber Weighs California Overhaul if Ballot Measure on Workers Fails
Uber Technologies Inc. is considering an overhaul of its business in California if voters reject a ballot measure that would prevent the ride-hailing company’s drivers from being classified as employees. “We are looking at all our options,” Uber Chief Executive Dara Khosrowshahi said, without elaborating, during The Wall Street Journal’s annual Tech Live conference, held… Continue reading Uber Weighs California Overhaul if Ballot Measure on Workers Fails
DOL Could Make it Easier to Treat Workers as Independent Contractors
The U.S. Department of Labor on Tuesday said it would soon propose a rule that could make it easier to classify workers as independent contractors rather than employees, a major issue for the “gig economy” and other industries that use contractors to contain costs. During a phone call with reporters, senior department officials said the… Continue reading DOL Could Make it Easier to Treat Workers as Independent Contractors