Antitrust Scrutiny Looms Over Uber and Lyft Due to NYC Driver Pay Deal
2 months ago
In a significant development for ride-share giants Uber and Lyft, both companies are facing an antitrust investigation concerning an agreement they reached regarding driver pay standards in New York City. This scrutiny, initiated by regulators, primarily revolves around the implications this deal may have on competition within the ride-hailing market.
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Lyft Settles FTC Lawsuit with $2 Million Payment Over Driver Compensation Issues
5 months ago
In a significant development for the ridesharing giant Lyft, the company has agreed to an out-of-court settlement totaling $2 million to resolve allegations posed by the Federal Trade Commission (FTC) regarding misleading pay practices for its drivers. This agreement comes as part of the agency's continued efforts to ensure fair working conditions and transparency within gig economy platforms.
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