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“#Lyft shares surge on hopes it will turn a profit this year” Lyft’s stock price soared Wednesday on hopes that the ride-hailing giant could finally become profitable once it recovers from its coronavirus-fueled downturn this year. Shares in the Uber rival jumped about 11 percent to $59.40 in premarket trading after executives said there’s a…
“#Lyft passenger apologizes for racist rant over wearing mask” The Lyft rider from a caught-on-video racist rant against his driver — who’d asked him to wear a mask in the car — would like everyone to know he was drunk at the time and that he’s now very sorry. Both he and his wife have…
“#Lyft CEO says controversial Prop. 22 is a ‘model for other states’” Oakland drivers clearly disagree. Image: JOSH EDELSON / getty Well, you can’t say they didn’t warn us. In a third quarter earnings call Tuesday afternoon, Lyft CEO Logan Green told listening investors and reporters that California’s controversial Prop. 22, which classifies app-based workers…
“#Uber, Lyft stock soars after California Proposition 22 passes” Uber and Lyft’s stock prices soared Wednesday after California voters allowed the ride-hailing giants to continue treating their drivers as independent contractors instead of employees. Uber shares surged 11.5 percent in premarket trading while Lyft’s spiked about 14.8 percent as of 7:54 a.m. after the passage…
“#Uber and Lyft-backed Prop. 22 passes in big loss for California’s gig drivers” Uber and Lyft drivers have been protesting against Proposition 22, which continues to classify them as independent contractors instead of employees. Image: FredERIC J. Brown / AFP via Getty Images 58 percent of California voters cast their ballot for Proposition 22, meaning…
“#Appeals court rules against Uber, Lyft in CA driver fight” A California appeals court said Uber and Lyft must treat their drivers there as employees, handing the ride-hailing giants another defeat in a legal battle that could upend their business. The Thursday ruling came as the Silicon Valley firms urged California voters to exempt them…