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Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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the ride-hailing company over $100 million in taxes , Bloomberg reports. The lawsuit alleges that, over the course of five years, San Francisco unfairly labeled money earned by Lyft drivers as company revenue. In the complaint, Lyft maintains that its drivers are its customers, not employees. “Accordingly, Lyft recognizes revenue from rideshare as being comprised of fees paid to Lyft by drivers, not charges paid by riders to drivers,” the complaint reads. The lawsuit is just the latest chapter in a yearslong debate over how gig economy apps should classify drivers. Last summer, Lyft, Uber and DoorDash notched a win after the California Supreme Court upheld Proposition 22 , which allows the companies to classify drivers as independent contractors, meaning the companies do not have to provide drivers with full employee benefits. Subscribe for the industry's biggest tech news Related Latest in Transportation
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LYFT
News
- https://seekingalpha.com/article/4747239-7-winner-tech-stocks-for-2025 [Seeking Alpha]Seeking Alpha
- Here's Why Lyft (LYFT) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Dallas lawyer details the reality of a New Year's Eve DWI [CBS News]CBS News
- Twin Cities pizza spot offering free rides home on New Year's Eve within delivery zone [CBS News]CBS News
- Increased law enforcement across Colorado during New Year's Eve celebrations [CBS News]CBS News
LYFT
Earnings
- 11/6/24 - Miss
LYFT
Sec Filings
- 12/4/24 - Form 4
- 12/4/24 - Form SC
- 12/2/24 - Form 4
- LYFT's page on the SEC website