Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Politics
Anusuya Lahiri

Uber, Lyft Drivers File Antitrust Case Against Ride Hailing Companies

Uber Lyft Nasdaq NYSE Lawsuit California Pandemic San Francisco State Law
  • A group of Uber Technologies, Inc (NYSE:UBER) and Lyft, Inc (NASDAQ:LYFT) drivers slapped an antitrust lawsuit on the companies for unfairly controlling passenger fares.
  • The drivers claimed that lower consumer fares would provide them with "the most competitive compensation."
  • The suit adds that companies hurt driver earnings by charging higher fares to the customers.
  • The lawsuit sought class-action status in San Francisco Superior Court for alleged violations of California antitrust law and state law prohibiting unfair business practices.
  • Uber has denied the allegations.
  • Uber and Lyft are amid multiple legal battles over classifying their drivers as gig workers instead of employees, thereby limiting their benefits.
  • Uber recently resumed its ride-sharing services to capitalize on the pandemic recovery as it battled a driver shortage.
  • Price Action: UBER shares traded lower by 2.44% at $21.23 premarket on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
I just discovered Netflix canceled the most realistic zombie show I’ve ever seen – here’s why Black Summer is still worth streaming
It's far from a summer vacation
TechRadar
TechRadar
Some vapes claiming to be cannabis contain ‘synthetic cannabinoid’ – study
University of Bath researchers found seven vaporizers sourced from the US contained dangerous SC compound
The Guardian - US
The Guardian - US
‘This guy was shady’: Zeppo Marx’s underworld links revealed in new book
The youngest Marx brother mingled as easily with mobsters as with movie stars and was on a mission to make money
The Guardian - UK
The Guardian - UK
Smokers have a higher level of harmful bacteria in the mouth – new study
A recent report by the World Health Organization (WHO) estimated that 8 million people die annually from smoking related complications. Despite efforts by governments and various organisations to create awareness about the dangers, around 1.3 billion people still use some form of tobacco and 80% of them live in low…
The Conversation
The Conversation
Don't fall for fake dentists offering veneers and other dental work on social media
Dentists say unlicensed practitioners offering cheap dental veneers are putting patients at risk
The Independent UK
The Independent UK
Paris Hilton sees ADHD as her 'secret weapon'
Paris Hilton believes ADHD is her "secret weapon" and it has helped her become a trend setter as she thinks in "bold, unexpected ways".
BANG Premier
BANG Premier
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play