🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

NYC Slams Uber, Lyft for ‘Disinformation’ on Driver Pay Hike

Livemint

Livemint · 6m ago

NYC Slams Uber, Lyft for ‘Disinformation’ on Driver Pay Hike

New York City's Taxi and Limousine Commission faces backlash from Uber and Lyft over a proposed 6% pay hike for drivers. The commission accuses both companies of spreading misinformation to rally opposition against the proposal. Uber warns drivers about potential car replacement mandates, while Lyft claims fare hikes are inevitable. NYC officials argue the claims are misleading, asserting the proposal won't force such actions. Uber and Lyft are also under FTC scrutiny for allegedly coordinating to limit driver compensation.

Related News

Uber, Lyft, DoorDash drivers in the US to strike on Valentine's Day for fair pay

Reuters · 1y ago

Uber, Lyft, DoorDash drivers in the US to strike on Valentine's Day for fair pay

Uber and Lyft drivers are planning to strike in several US cities on Valentine's Day to demand fair pay. They accuse the platforms of taking high commissions and not paying a livable wage. The strike comes after Lyft recently announced that it would ensure drivers make at least 70% of what riders pay. The drivers' union says that algorithmic pricing has led to a decline in earnings, while Uber maintains that driver earnings remain strong. DoorDash, another delivery platform, did not comment on the strike.

Uber, Lyft, DoorDash drivers in the US to strike on Valentine's Day for fair pay

Economic Times

Economic Times · 1y ago

Uber, Lyft, DoorDash drivers in the US to strike on Valentine's Day for fair pay

Thousands of drivers for ride-sharing platforms Uber, Lyft, and DoorDash are planning a strike across the United States on Valentine's Day to demand fair pay. The strike, organized by driver groups, will involve picketing outside airports and Uber offices. The drivers, who are classified as independent contractors, have accused the platforms of taking disproportionately high commissions. The Justice For App Workers coalition, representing around 130,000 drivers and delivery workers, said drivers in 10 US cities would not provide rides to and from airports between 11 am and 1 pm.

Lyft vs Uber: Pick Your Ride

StartupTalky

StartupTalky · 1y ago

Lyft vs Uber: Pick Your Ride

Uber and Lyft are leading forces in the transportation industry, challenging traditional taxi services by offering convenient and on-demand options. While both companies have transformed urban mobility, there are notable distinctions between them. Uber has a larger global reach, operating in over 90 countries, while Lyft is limited to the United States and Canada. Uber also offers a wider variety of services, including Uber Eats, and has a slightly larger number of available ride options. Driver compensation and satisfaction can vary, but overall, both companies prioritize safety and security measures. The future of ridesharing involves navigating challenges such as competition from emerging players, regulatory landscape, and integration of autonomous vehicle technology, while also capitalizing on opportunities like growing urbanization and technological advancements. Ultimately, choosing between Uber and Lyft depends on individual needs and preferences.

Lyft guarantees weekly earnings to lure more drivers

Economic Times

Economic Times · 1y ago

Lyft guarantees weekly earnings to lure more drivers

Ride-hailing company Lyft has announced that it will guarantee weekly earnings for its drivers, a first in the US ride-hailing industry. This move aims to attract more drivers to the platform as Lyft competes with larger rival Uber for both riders and drivers. Last year, about 15% of Lyft drivers in the US earned less than 70% of what riders paid, but Lyft will now pay the difference if drivers fall below that threshold. Lyft also announced other measures to improve transparency and provide incentives for drivers.

Uber and Lyft to leave Minneapolis over ‘deeply flawed’ pay rules

The Verge

The Verge · 1y ago

Uber and Lyft to leave Minneapolis over ‘deeply flawed’ pay rules

Both Uber and Lyft have announced that they will cease their ridesharing services in Minneapolis starting May 1st. The decision comes after the city council passed an ordinance to increase drivers' pay, guaranteeing them a minimum rate per mile and per minute. Both companies argue that the rates set by the ordinance are flawed and not in line with a recent study suggesting lower rates. Lyft and Uber assert that the move will leave thousands of drivers without work and stress the importance of achieving comprehensive statewide legislation.

Uber and Lyft agree to give Massachusetts drivers minimum pay

Economic Times

Economic Times · 1y ago

Uber and Lyft agree to give Massachusetts drivers minimum pay

Uber and Lyft have settled a legal dispute with the attorney general in Massachusetts by agreeing to pay their drivers in the state a minimum rate along with some benefits. Under the settlement, the companies will pay $175 million to resolve claims of violating state labor laws, with most of the money going to gig workers. Drivers will remain classified as independent contractors, but will receive benefits such as health insurance, expanded accident insurance, and a minimum pay rate of $32.50 per hour for time spent on a ride. This settlement follows similar provisions enacted in other states.

Uber customer charged Rs 1,334 for 8.8km ride approaches consumer court, wins Rs 10,000

Money Control

Money Control · 1y ago

Uber customer charged Rs 1,334 for 8.8km ride approaches consumer court, wins Rs 10,000

An Uber customer from Chandigarh, India, was charged INR 1,334 ($18) for an 8.83 km ride, resulting in a complaint. The customer received a compensation of INR 10,000 ($134) and Uber refunded INR 975 ($13) as a gesture of goodwill. The Consumer Disputes Redressal Commission of Chandigarh also ordered Uber to pay an additional INR 10,000 ($134) for legal expenses. Uber stated that the fare discrepancy was due to multiple route deviations, but it couldn't determine whether the driver deviated or if the customer requested it.

Uber, Lyft to pay $328 million to settle New York wage theft claims

Economic Times

Economic Times · 1y ago

Uber, Lyft to pay $328 million to settle New York wage theft claims

Uber and Lyft have agreed to pay a combined sum of $328 million to settle claims of wage theft in New York. The settlement comes after both ride-hailing companies were accused of misclassifying drivers as independent contractors and paying them less than the minimum wage. The settlement is seen as a significant victory for drivers' rights and could have implications for the gig economy as a whole.

How Uber and Lyft are gearing up for the robotaxi revolution

Livemint

Livemint · 6m ago

How Uber and Lyft are gearing up for the robotaxi revolution

Uber and Lyft are adjusting to the rise of driverless technology by partnering with companies like Waymo to integrate autonomous vehicles into their platforms. They are preparing infrastructure and app features for these vehicles, such as remote controls for car functions. Despite previously abandoning self-driving projects, they see potential in combining human-driven and driverless taxis. As consumer interest grows, Uber and Lyft expect the ride-hailing landscape to evolve, although challenges remain, particularly for human drivers.

Uber, Lyft drivers strike across US, demanding fairer pay

Economic Times

Economic Times · 1y ago

Uber, Lyft drivers strike across US, demanding fairer pay

Uber and Lyft drivers in the US are staging a strike to demand fair pay and better treatment. They claim that these ride-sharing platforms are taking excessive fees from their fares, negatively impacting their earnings. The protest coincides with Uber's stock hitting a record high after announcing a $7 billion share buyback. The drivers' coalition, Justice for App Workers, is leading protests in 10 cities across the US, while the Rideshare Drivers United group plans to picket outside Uber's Los Angeles offices. Uber, however, claims that the strike has not affected its operations.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Mark Zuckerberg wants everyone to ...

30 Startups To Watch: Startups Th ...

Mira Murati’s Team Rejects $1B Me ...

Download the medial app to read full posts, comements and news.