Uber Technologies, Inc. (UBER)
Uber and Lyft agree to minimum pay and benefits for Massachusetts drivers
Ride-share companies sign off on $175m settlement that will give workers paid sick leave and other protections
Uber and Lyft Settle Massachusetts Lawsuit, End Ballot Initiative
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 settlement includes rules on wages, benefits and protections for drivers, the office said in a Thursday (June 27) press release.
Uber, Lyft agree to pay Massachusetts drivers $32.50 per hour to settle lawsuit
Ride-share giants Uber Technologies Inc (NYSE:UBER, ETR:UT8) and Lyft Inc (NASDAQ:LYFT) have agreed to adopt a $32.50 hourly minimum wage for their drivers in Massachusetts and pay a $175 million penalty to settle a lawsuit brought on by the state's attorney general which alleged the companies violated its wage and hour laws. The agreement requires Uber to pay $148 million and Lyft to pay $27 million to the state, with at least $140 million to be paid to drivers, a court filing shows.
Are Uber and Lyft Still Top Stocks to Buy in 2024 Following the Minnesota Wage Issue?
Minnesota's new wage law for ride-hailing drivers could affect Uber and Lyft, influencing pricing. Uber's robust market position and rising trip volumes make it a promising long-term investment in the ride-hailing industry, despite such challenges.
Uber and Lyft agree to pay drivers $32.50 an hour in Massachusetts settlement
BOSTON — Drivers for Uber and Lyft will earn a minimum pay standard of $32.50 per hour under a settlement announced Thursday by Massachusetts Attorney General Andrea Campbell, in a deal that also includes a suite of benefits and protections.
Uber and Lyft Agree to Increase Driver Benefits in Massachusetts
The deal, which includes a $175 million settlement with the state, keeps the drivers classified as independent contractors, not employees.
Uber, Lyft Agree to Minimum Wage, Other Benefits for Drivers in Massachusetts
Uber Technologies and Lyft agreed to pay ride-share drivers in Massachusetts a minimum wage and give them other benefits while continuing to classify them as independent contractors, the latest development in the companies' nationwide fight to defend their gig-worker models.
Uber Invites Consumers to Give up Car, Try Alternative Transportation
Uber is inviting consumers to give up their personal car for five weeks and adopt a “car-light lifestyle.” The ride-hailing company will select up to 175 people in seven cities across the United States and Canada to participate in its One Less Car trial, Uber said in a Thursday (June 27) press release.
Uber will pay you to temporarily forgo your car
In a creative marketing ploy, rideshare giant Uber plans to pay dozens of people across North America to forgo their car for five weeks and take alternate transportation.
Uber loses challenge to California gig work law in US appeals court
Uber in a statement on Monday said the ruling would not change the status of its relationships with its drivers, who are considered to be contractors under a 2020 ballot initiative known as Proposition 22.
Uber pays US car owners to switch to other transport modes for five weeks
Uber will pay $1,000 in credits to certain commuters in the U.S. and Canada who ditch their cars for five weeks in favor of public and other transport services, it said on Thursday, in its latest effort to drum up business and help reduce emissions.
Uber Technologies (UBER) Stock Dips While Market Gains: Key Facts
The latest trading day saw Uber Technologies (UBER) settling at $71, representing a -0.54% change from its previous close.
