NYC sets smaller driver pay bump after Uber, Lyft pushback Uber and Lyft had strongly opposed the original rate, warning customers that it would force them to increase prices 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 and Lyft face new NYC driver pay rules with 5% increase Investing com -- New York City announced new minimum-pay rules for rideshare drivers on Friday, finalizing a 5% increase instead of the initially proposed 6 1% boost after opposition from Uber
Statement from NYC Comptroller Lander on Taxi and Limousine . . . New York, NY — Following the New York City's Taxi and Limousine Commission's (TLC) announcement on new minimum-pay rules for ride-share drivers, New York City Comptroller Brad Lander released the following statement: “This new rule would provide higher pay and protections against lockouts for Uber and Lyft drivers who’ve been constantly denied rights
NYC Drivers Get Pay Boost: Uber Lyft Respond to New Wage . . . A recent publication by Bloomberg reveals that New York City has introduced new minimum pay regulations for rideshare drivers, opting for a modest increase of just 5% rather of the initially proposed 6 1% This decision came after significant pushback from major players like Uber and Lyft