Lyft Stock News

An on-demand ride-hailing startup whose business model is decidedly different from rivals Uber and Lyft is taking them on in their backyard.

Rising gas prices are driving plenty of cringeworthy moments when filling up your tank. But for people who are drivers for ride-sharing companies like Uber and Lyft, the pain at the pump cuts much deeper.

Uber, Lyft, DoorDash and other app-based companies on Tuesday unveiled a new trade association that will push back on Democratic efforts to allow gig workers to unionize.The lobbying group, dubbed Flex, kicked off with a seven-figure ad buy in…

Ads seek to counter Democratic efforts to reclassify gig workers as employees, which would let many unionize

A string of companies using independent contractors as drivers launched a campaign to head off Democratic efforts to classify their workers as employees, allowing them to form unions, the Wall Street Journal reports . The companies include Uber Technologies Inc (NYSE: UBER ), Lyft Inc (NASDAQ: LYFT ), DoorDash Inc (NYSE: DASH ), GrubHub Inc (NASDAQ: GRUB ), and others. The companies aim to … Full story available on Benzinga.com

A new advocacy group is launching a $1 million campaign to counter Democratic efforts to reclassify gig workers as employees, which would let many of them unionize.

A new advocacy group is launching a $1 million campaign to counter Democratic efforts to reclassify gig workers as employees, which would let many of them unionize.

A family’s frantic search for Abdul Khan ended when they learned the Lyft driver had been carjacked and killed.

Lawmakers have passed legislation granting benefits and protections, but allowing Lyft and Uber to continue to treat drivers as contractors.

Based on the hit podcast of the same name, "The Dropout" is a new miniseries starting March 3 on Hulu.

A male Lyft driver has been arrested for allegedly raping an intoxicated Miami Beach tourist during her early morning ride from a bar to her hotel, according to a police report.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips LYFT stock has entered into bear-market territory, but the omicron factor should be temporary and the company''s fiscal stats are impressive. The post Lyft Didn’t Get an Earnings Lift, but the Shares Are Still a Buy appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” Get in Now on Tiny $3 ‘Forever Battery’ Stock Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”

Lyft Inc. disclosed overnight that its 2021 workforce decreased by nearly 5% from a year ago, which compares with increases of almost 30% for rival ride-hailing company Uber Technologies Inc. and a more-than doubling in the workforce of food-delivery company DoorDash Inc. . In Lyft''s 10-K annual report filed with the Securities and Exchange Commission late Monday, the company said it had 4,453 employees in about 119 offices as of Dec. 31, 2021, down from 4,675 employees in about 100 offices in 2020. Meanwhile, DoorDash said it had 8,600 employees worldwide in 2021, up from 3,886 employees in 2021, and Uber''s workforce grew to 29,300 employees in about 10,500 cities from 22,800 employees in about 10,000 cities. Lyft''s stock had dropped 13.0% in 2021 and Uber shares slid 17.8%, while DoorDash''s stock gained 4.3% and the S&P 500 rallied 26.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

DETROIT (AP) — Labor unions and worker advocates have applauded President Joe Biden’s nomination of Judge Ketanji Brown Jackson for the Supreme Court. Yet a look back at Jackson''s decisions in cases involving business and labor suggest that she won’t always rule as they want or expect her to. Though Jackson is widely seen as a liberal on social and economic issues and as a defender of workers’ rights, her decisions, as a federal district court judge and then as a federal appellate judge since last year, defy easy categorization. “She’s as likely to rule for a corporation in a race discrimination claim as she is for the plaintiff,” said Ted Ruger, dean of the University of Pennsylvania Law School, who served with Jackson on the Harvard Law Review during law school. “Like any judge who follows the law and listens to the evidence in the case, she may disappoint some who always want a predictably liberal outcome.” Out of 40 employment and business-related rulings reviewed by The Associated Press, Jackson ruled for the defendants 30 times since 2013 while serving as a judge on the U.S.