Lyft co-founderJohn Zimmer is extremely confident the court ruling that found California Proposition 22 unconstitutional will be overturned on appeal. “If you look at California Constitution we feel very confident in the way the ballot initiative was written,” says Lyft…
Uber, Lyft and other ride-share and gig economy companies were dealt a major blow, with a judge ruling Prop. 22 is “unconstitutional.”
Lyft has announced Toyota subsidiary Woven Planet is acquiring its self-driving division, Level 5.
Democrats, in a political payoff to unions, have again introduced legislation in Congress to effectively make gig economy jobs like Uber, Lyft, DoorDash, etc. illegal.
Driverless tech company Motional has announced it will use Hyundai’s IONIQ 5 for its robotaxi deal with Lyft.
We want to make sure there’s clarity and certainty in this industry so that it’s not living under a cloud.” says Lyft’s Chief Policy Officer Anthony Foxx.
California’s Proposition 22 is poised to pass, securing the current business model for gig economy companies.
Uber and Lyft have been dealt a major blow, as an appellate court has ruled the injunction against them was appropriate.
John Zimmer, co-founder and President of Lyft, discusses the impact of the pandemic on Lyft, noting that daily rides are still down by half since March 2020.
Gene Munster discusses how California in forcing drivers to be employees may ultimately speed up the efforts of Uber and Lyft to go fully self-driving and thereby simply eliminate all human drivers.