Lyft

Minneapolis City Council Members Push for Delay in Rideshare Minimum Wage Law to July 1 – Will Uber and Lyft Stay?

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Minneapolis City Council members are considering a vote this week to reevaluate a new rideshare minimum wage law that has sparked controversy among various stakeholders. The proposed ordinance, set to take effect on May 1, has faced pushback from business groups, disability advocates, and senior citizens who are concerned about its impact on rideshare services in the city. In response to the growing unease, Council President Elliott Payne, along with Council Members Katie Cashman and …

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Rideshare Co-op Launches to Replace Uber and Lyft in Minneapolis – Will It Succeed?

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Minneapolis, Minnesota – As Uber and Lyft prepare to potentially leave the Minneapolis area next month due to a driver-pay ordinance, a group of activist drivers is stepping up to fill the void. They have announced plans to establish a driver-owned rideshare cooperative, aiming to ensure continued service for residents. The establishment of this cooperative comes after a long battle for minimum-pay requirements led by the same group of drivers. The potential exit of Uber …

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Minimum-pay dilemma prompts Minneapolis City Council to reconsider controversial rideshare plan after Uber and Lyft exit – Breaking News!

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Minneapolis, Minnesota – The Minneapolis City Council is rethinking its controversial rideshare plan that led Uber and Lyft to withdraw from the city. The Council’s agenda for Thursday includes a proposal to reconsider last week’s vote overriding Mayor Jacob Frey’s veto, with the final vote scheduled for the following meeting on April 11. This move was initiated by Council Member Andrea Jenkins, raising questions about the decision to override the mayor’s veto. The uncertainty surrounding …

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Uber and Lyft Drivers Expected to Go on Largest Nationwide Strike on Valentine’s Day – Read Why!

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Orlando, Florida – Thousands of drivers for ride-share platforms Uber and Lyft, alongside food delivery service DoorDash, are preparing to stage a nationwide strike on Valentine’s Day. This protest is anticipated to be the largest of its kind against these gig economy giants, with 24-hour strikes planned in at least 17 U.S. cities. The cities include Los Angeles, Chicago, San Francisco, Washington, Philadelphia, and Orlando. The drivers argue that Uber and Lyft have been taking …

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Lyft Earnings Typo Sends Stock Soaring and CEO Makes Major Correction

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San Francisco, CA – Lyft’s stock took a wild ride on the stock market after the company’s CFO corrected a major earnings release error. The correction revealed that the projected profit was not as high as initially reported, causing the stock to pull back significantly. The error, which projected the profit to be 10 times better than it actually was, led to a surge in Lyft’s stock price. However, once the correction was made, the …

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Lyft: Stock Soared More Than 60% After Better-Than-Expected Earnings Revealed — Then It Sold Off Fast

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LOS ANGELES – Lyft shares experienced a surge in after-hours trading following the release of the ride-hailing company’s better-than-expected earnings report. The company’s stock initially rose more than 60% before experiencing a slight drop, according to data released by financial markets. In the latest financial report, Lyft reported earnings of 18 cents per share, adjusted, beating the estimated 8 cents projected by analysts. The company’s revenue of $1.22 billion also met expectations, despite experiencing a …

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