Lyft Stock News

Once home to most electric scooters in the US , Miami is turning its back on the micromobility vehicles. Per the Miami Herald , city commissioners voted on Thursday to end a multi-year pilot that had allowed companies like Bird and Lime to operate shared scooter rentals within the citys core. Those companies now have until 5PM on Friday, November 19th, to collect their electric scooters. If they dont comply in time, the city will impound any remaining vehicles. Were shutting it down, Commissioner Alex Díaz de la Portilla told the outlet. Thats it. Like in many other cities across the US and other parts of the world, electric scooters were a source of controversy in Miami. Supporters claimed they were an effective solution for last-mile travel, while detractors said they made city sidewalks unsafe. Its that latter point of view that swayed the commissions vote. On Biscayne Boulevard, at whatever hour of the day, you see kids on these scooters, said Commissioner Díaz de la Portilla. This is an accident waiting to happen. Ken Russell, the lone commissioner who voted against ending the program, pointed out it had been a revenue generator for the city.

The 1st U.S. Circuit Court of Appeals has ruled that rideshare drivers alleging they were illegally misclassified as independent contractors could be forced to individually arbitrate their claims. Defendant Lyft required drivers who used its smartphone app and online platform to find passengers to click their assent to updated terms of service that included a

Goldman Sachs named Amazon.com Inc (NASDAQ: AMZN ) as its top stock pick for 2022 in the…

Lyft Inc. (NASDAQ:LYFT) price closed lower on Tuesday, November 16, dropping -0.74% below its previous close. >> 7 Top Picks for the Post-Pandemic Economy > 7 Top Picks for the Post-Pandemic Economy

Goldman Sachs Stick to Their Buy Rating for Lyft

A jury has been seated in the trial of a Lyft driver accused of sexually assaulting a woman he was driving from Denver to Boulder in 2018.

The recently publicly traded companies of Lyft and Uber have been in the news almost every day, but we picked up on a part of their Continue reading on Medium »

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Supporters of a Massachusetts ballot question that will ask voters to treat drivers for Uber, Lyft and other app-based companies as independent contractors have collected about 130,000 signatures, enough to get it on the ballot, according to a Reuters report Tuesday (Nov. 16). The signatures are now in the hands of town and city []

A study evaluating data in Chicago shows people use ride-shares to replace public transit more than they use it to complement

BOSTON (Reuters) Backers of a measure that asks Massachusetts voters to treat drivers for app-based companies like Uber Technologies Inc and Lyft Inc as independent contractors rather than employees said on Tuesday they had gathered enough signatures to get it on the ballot. Supporters said roughly 130,000 signatures have been submitted to town and Read More

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NYC Taxis Finally Win One: Drivers Secure Help In Slashing Medallion Loan Balances We have been following how ridesharing companies have decimated the taxi industry for years now. In addition to rendering taxi medallions near-worthless compared to the price that many drivers spent their lives (and careers) working to purchase them at, ridesharing companies have also contributed to a rash of depression and suicides among drivers who have seen their livelihoods plummet suddenly and unexpectedly. But now, it''s looking like taxi''s could be on their way back, according to FT . And it could be due to an unlikely hero: law firm Kirkland & Ellis. Kirkland & Ellis is best known for getting in the trenches on messy corporate transactions. But they also represented New York City cab drivers in a pro bono assignment after drivers resorted to a "round the clock hunger strike" to draw attention to help they needed resolving loans to buy taxi medallions, the report says. And the efforts paid off: drivers got relief early this month when a deal between the citys municipal government, a private equity firm that had become the single largest taxi medallion creditor, and an advocacy group that spoke for thousands of taxi drivers resulted in slashing loan balances for drivers, FT wrote.

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