NYC Drivers Get Pay Boost: Uber Lyft Respond to New Wage . . . Uber and Lyft expressed strong opposition to the original proposal, warning that it would lead to higher fares for customers Following this announcement, Lyft’s stock saw a decline of up to 3 3%, while Uber’s shares fluctuated but ultimately lost most gains made earlier in the day
NYC sets smaller driver pay bump after Uber, Lyft pushback Lyft’s shares extended declines after Bloomberg reported on the rules, falling as much as 3 3% to hit session lows Uber’s stock, which had been up as much as 2 3% earlier Friday, pared most of its gains on the news Uber began locking out drivers at random in May last year, Bloomberg reported, prompting its smaller rival Lyft to follow suit
NYC Sets Smaller Driver Pay Bump After Uber, Lyft Pushback New York City on Friday announced new minimum-pay rules for rideshare drivers, settling on a smaller-than-proposed 5% increase following pushback from Uber Technologies and Lyft From a report: An earlier proposal called for a 6 1% pay boost The finalized regulations from the city's Taxi and Limous
NYC Settles On New Minimum Pay Rules For Rideshare Drivers Market data, development, and operations of this website are provided by Webull Technologies Pte Ltd ("Webull") Financial products and services are offered to self-directed clients by Webull Securities (Canada) Limited ("Webull CA")