PYMNTS-MonitorEdge-May-2024

Lyft

Lyft, Inc. is a ridesharing company based in San Francisco, California and operating in 640 cities in the United States and 9 cities in Canada. It develops, markets, and operates the Lyft mobile app, offering car rides, scooters, and a bicycle-sharing system.

Source: lyft.com

Lyft President Kristin Sverchek to Leave Company After 12 Years
Lyft President Kristin Sverchek to Leave Company After 12 Years
July 23, 2024  |  Ridesharing

Lyft President Kristin Sverchek will leave the company as an employee on Aug. 20 after serving in leadership roles for 12 years. Sverchek will serve...

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Uber and Lyft Settle Massachusetts Lawsuit, End Ballot Initiative
Uber and Lyft Settle Massachusetts Lawsuit, End Ballot Initiative
June 28, 2024  |  Gig Economy

Uber and Lyft agreed to a settlement with the Massachusetts Office of the Attorney General, resolving the office’s multiyear litigation against the ridesharing companies. The...

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Uber Responds to NYC Minimum Pay Rule With Driver Lockouts
Uber Responds to NYC Minimum Pay Rule With Driver Lockouts
June 24, 2024  |  Gig Economy

Uber has reportedly been locking out drivers from its app during periods of low demand over the past month in response to New York City’s...

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California Supreme Court to Hear Challenges to Gig Worker Law
California Supreme Court to Hear Challenges to Gig Worker Law
May 21, 2024  |  Gig Economy

On Tuesday (May 21), the California Supreme Court will hear oral arguments in a lawsuit challenging a ballot measure known as Proposition 22. The measure,...

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Lyft Extends 70% Pay Standard to Drivers Nationwide
Lyft Extends 70% Pay Standard to Drivers Nationwide
May 14, 2024  |  Ridesharing

Ride-hailing platform Lyft said it wants to lift its driver’s earnings. Earlier this year, the company introduced a new standard for drivers, ensuring they will always earn 70%...

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Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
May 13, 2024  |  Gig Economy

Uber and Lyft are facing a trial in Massachusetts over allegations that they misclassified their drivers as independent contractors instead of employees. The trial is...

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Earnings Point to Different Routes for Lyft and Uber
Earnings Point to Different Routes for Lyft and Uber
May 08, 2024  |  Earnings

Uber and Lyft bring to mind the oft-quoted Robert Frost poem. You know the one — about two roads that diverged. The rest of the...

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Gig Worker Ballot Measures Get Hearing in Massachusetts Court
Gig Worker Ballot Measures Get Hearing in Massachusetts Court
May 06, 2024  |  Gig Economy

The Massachusetts Supreme Judicial Court heard oral arguments Monday (May 6) regarding a proposed ballot measure that seeks to redefine the employment relationship between rideshare and...

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Side Hustles in Focus as Gig Worker Laws Stir Uncertainty
Side Hustles in Focus as Gig Worker Laws Stir Uncertainty
April 29, 2024  |  Gig Economy

In the debate over the classification of gig workers, Massachusetts finds itself at the center of a legislative whirlwind, echoing a lengthy battle around California’s...

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