Tag: Lyft Inc. Cl A
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California Supreme Court agrees to hear Prop. 22 appeal after ruling favoring Uber, Lyft
[ad_1] The California Supreme Court on Wednesday agreed to hear the appeal of a state appeals court decision that let most of a state law on gig-worker classification stand. The March ruling upholding Proposition 22, a law that was passed by 58% of California voters in 2020, was a victory for Uber Technologies Inc. UBER,…
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Uber, Lyft drivers would get help with deactivations under NYC bill
[ad_1] New York City is considering a bill that would address a top issue for its tens of thousands of ride-hailing drivers: getting kicked off apps like Uber and Lyft. The bill, sponsored by City Councilman Shekar Krishnan and introduced Thursday, would establish an appeal process for driver deactivations that would involve the city. If…
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The S&P 500 will not break above its range soon, says Goldman Sachs. Here are 6 reasons why.
[ad_1] Stock futures on Friday point to Wall Street snapping a four-day losing streak, helped by strength in Apple shares after the tech giant’s results — though doubtless the nonfarm payrolls report will have something to say about this. Bulls will be hoping that calmer conditions in the banking sector, easing debt ceiling tensions and…
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Lyft layoffs: Third round to ‘significantly’ slash workforce, new CEO tells workers
[ad_1] Lyft Inc. is laying off a significant part of its workforce, the ride-hailing company’s new chief executive told employees in a Friday email, as he tries to cut costs and keep up with a much bigger rival, Uber Technologies Inc. The Wall Street Journal first reported that the cuts will amount to 30% of…