Hereโs what we know about Uber and Lyftโs planned exit from Minneapolis in May
The future of Uber and Lyft in Minneapolis has garnered concern and debate in recent weeks after the City Council voted last month to require that ride-hailing companies pay drivers a higher rate while they are within city limits.
Lyft and Uber say they will leave Minneapolis after city council forces them to pay drivers more
Lyft and Uber say they will cease operations in Minneapolis after the cityโs council voted Thursday to override a mayoral veto and require ride-hailing services to increase driver wages to the equivalent of the local hourly minimum wage of $15.57.
New rule tightens worker classification standards; Uber, Lyft say their drivers won't be affected
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as โindependent contractors,โ a step that could bolster both legal protections and compensation for millions in the U.S. workforce.
Uber and Lyft to pay $328 million to settle dispute over taxes and fees paid by New York drivers
Ride-hailing companies Uber and Lyft will pay a combined $328 million to settle complaints that they improperly saddled their New York drivers with taxes and fees that should have been been paid by passengers.
Lyft to pick up new CEO amid deepening post-pandemic losses
Lyft co-founders Logan Green and John Zimmer are relinquishing their leadership roles to make way for a former Amazon executive as the ride-hailing service struggles to recover from the pandemic while long-time rival Uber has been regaining its momentum.
Uber, Lyft team up on database to expose abusive drivers
Uber and Lyft have teamed up to create a database of drivers ousted from their ride-hailing services for complaints about sexual assault and other crimes that have raised passenger-safety concerns for years. The clearinghouse unveiled Thursday, March 11, will initially list drivers expelled by the ride-hailing rivals in the U.S. Michael Wolfe, a Uber driver who also leads a Washington state group representing about 2,000 other drivers, praised both ride-hailing services for trying to weed out the abuses in the industry. AdIt could also help appease U.S. lawmakers, who have criticized Uber and Lyft in the past for inadequate safety protections for their riders. After Uber rebuffed the request to protect the victims' privacy, the agency slapped the company with a $59 million fine.
California court rejects lawsuit challenging ride-share vote
FILE - In this Jan. 12, 2016, file photo, a ride-share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles. The California Supreme Court has rejected a challenge to the ballot measure that kept app-based ride-hailing and delivery drivers independent contractors instead of employees eligible for benefits and job protections. The court on Wednesday, Feb. 3, 2021, declined to hear the case brought by drivers and unions who had opposed the measure. (AP Photo/Richard Vogel, File)LOS ANGELES โ The California Supreme Court rejected a lawsuit Wednesday that sought to overturn a ballot measure that makes app-based ride-hailing and delivery drivers independent contractors instead of employees eligible for benefits and job protections. โWeโre thankful, but not surprised, that the California Supreme Court has rejected this meritless lawsuit,โ said Jim Pyatt, a Modesto retiree who drives for Uber, in a statement from a group that supports Proposition 22.
Some Uber, Lyft drivers sue over California ballot measure
The measure, which was passed in November with 58% support, was the most expensive in state history with Uber, Lyft and other services pouring $200 million in support of it. โGenerally speaking, courts in California don't like to overturn the will of the people,โ Moylan said. There are instances where the California courts have come in and said ... it's nice that this is what the people wanted to do, but our constitution doesn't permit the people to do this." The law expanded a California Supreme Court ruling that limited businesses from classifying certain workers as independent contractors. Another claim in the lawsuit alleges the measure violates a rule limiting ballot measures to a single subject.
Asian shares slip on faltering hopes for COVID vaccines
Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. Tokyo's Nikkei 225 index gained 0.4% to 25,459.13 despite a report that machinery orders fell in September, suggesting weakness in corporate investment. Hong Kong's Hang Seng index fell 0.1% to 26,206.78 and the Shanghai Composite index declined 0.3% to 3,332.24. Markets have been riding a wave of relief over hopes for a potential vaccine to beat back the pandemic. Strategists along Wall Street are raising their forecasts for stock prices on expectations that political control of Washington will remain split between the parties.
Ride-hailing, delivery giants win fight against labor law
California voters passed Proposition 22 and delivered a stinging rebuke to state lawmakers and labor leaders who were fighting for better working conditions for a growing number of people who drive for ride-hailing and food delivery services. Uber, Lyft, Doordash, Instacart and others sought to get out of those requirements, and after failing in court, succeeded in convincing voters to give them an exemption from most of the year-old lawโs provisions. The investment yielded a huge return for Uber and Lyft, whose combined market value climbed by $10 billion on Wednesday. Uber, Lyft and, DoorDash, Instacart and their supporters accounted for roughly $200 million that amount, underscoring how badly the companies wanted to preserve their business model. โItโs not really fair that Uber, Lyft etc.
California court says Uber, Lyft drivers are employees
SAN FRANCISCO โ A California appeals court on Thursday upheld an order requiring Uber and Lyft to treat their California drivers as employees instead of independent contractors, less than two weeks before voters will be asked to exempt the ride-hailing giants from the state's gig economy law. Uber and Lyft โ who along with DoorDash have heavily bankrolled the ballot measure โ had appealed an August preliminary injunction by a San Francisco judge. Uber and Lyft issued statements noting that the ruling doesn't take immediate affect and urging voters to approve Prop. Treating Uber and Lyft drivers as employees instead of independent contractors would guarantee benefits such as overtime, sick leave and expense reimbursement for workers who make up much of the freewheeling gig economy. Lawyers for Uber and Lyft say drivers are not fundamental to the business, arguing the companies are โmulti-sided platformsโ whose activities encompass much more than transportation.
Uber, Lyft look to kill California law on app-based drivers
Voters are being asked to decide via Proposition 22 whether to create an exemption to a new state law aimed at providing wage and benefit protections to Uber, Lyft and other app-based drivers. (AP Photo/Rich Pedroncelli, File)LOS ANGELES โ Californians are being asked to decide if Uber, Lyft and other app-based drivers should remain independent contractors or be eligible for the benefits that come with being company employees. Voters are weighing whether to create an exemption to a new state law aimed at providing wage and benefit protections to drivers. The landmark labor law known known as AB5 threatens to upend the app-based business model, which offers great flexibility to drivers who can work whenever they choose. Uber and Lyft have maintained that their drivers meet the criteria to be independent contractors, not employees.