Lyft will not have to reclassify its drivers as employees after reaching a settlement yesterday, in which it agreed to pay $12.25 million extra in compensation and benefits. Uber is facing a similar lawsuit from its drivers, but a quirk in the litigation could make the outcome way worse for the world’s biggest ride-hail company. In challenging their status as independent contractors, Lyft’s …
Ride-hailing service Lyft has agreed to settle a proposed class action lawsuit in California by giving drivers additional workplace protections but without classifying them as employees, removing a major threat to its business model. The settlement agreement, filed late on Tuesday in San Francisco federal court, provides for Lyft to pay $12.25 million, as well as give drivers notice if they are …
Uber wants you to believe it’s emerged as the global leader in the world of on-demand rides. To be sure, some signs do already point to that: it’s raised more than $10 billion in venture funding, and the company’s worth a reported $62.5 billion. Still, it would be shortsighted to assume Uber has the edge in every aspect of the fight, especially in one of the biggest battlegrounds for ride- …
Uber wants you to believe it’s emerged as the global leader in the world of on-demand rides. To be sure, some signs do already point to that: it’s raised more than $10 billion in venture funding, and the company’s worth a reported $62.5 billion. Still, it would be shortsighted to assume Uber has the edge in every aspect of the fight, especially in one of the biggest battlegrounds for ride- …