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The California Supreme Court ruled Thursday that app-based ride-hailing and delivery services like Uber and Lyft can continue treating their drivers as independent contractors rather than employees.
Uber and Lyft in June agreed to adopt a $32.50 hourly minimum pay standard for Massachusetts drivers and pay $175 million to settle a lawsuit by the Democratic-led state's attorney general ...
Lyft on Tuesday forecast gross bookings below Wall Street estimates, similar to rival Uber's projection last week. Lyft's 12-month forward price-to-earnings ratio is 13.4, compared to Uber's 29.4.
By Akash Sriram (Reuters) -Lyft forecast current-quarter gross bookings below estimates on Tuesday, as its jostles for more riders with larger rival Uber Technologies, while wildfires and extreme ...
Uber's cash flow rose to $3.4 billion in 2023, up from $390 million a year earlier. Shares of Lyft were up 32% on Wednesday after its earnings, which surpassed Wall Street's expectations.
The strike call is the first since Uber and Lyft went public in 2019. The strikes are set to take place about a week after Lyft said it would pay the difference if drivers made less than 70% of ...
The ride-hailing companies Uber and Lyft said they will delay their planned exit from Minneapolis after city officials decided Wednesday to push back the start of a driver pay raise by two months.
Drivers for Uber and Lyft will earn a minimum pay standard of $32.50 per hour under a settlement announced Thursday by Massachusetts Attorney General Andrea Campbell, in a deal that also includes ...