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(Reuters) -The U.S. Supreme Court declined on Monday to hear a challenge by Uber and Lyft to lawsuits by the state of California on behalf of drivers who signed agreements to keep legal disputes ...
In today’s economy, both Uber and Lyft offer similar benefits to drivers and riders, making them solid choices for anyone looking to engage in the ride-sharing market.
Uber and Lyft settled investigations into whether they took pay from drivers for a price tag of $328 million.
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.
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.
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 ...
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.
Uber and Lyft agreed to pay a combined $328 million to settle allegations the ride-hailing companies unlawfully withheld wages from drivers and failed to provide mandatory paid sick leave in New ...