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.
The law will ban hundreds of different professions and especially the hundreds of thousands of jobs created by the gig economy over the last decade.
Lyft is warning it may join Uber in shuttering operations in California following a preliminary injunction classifying its drivers as employees.