Uber, Lyft promise to leave Minnesota entirely after state ride-hailing 'compromise' [Yahoo! Finance]
Lyft, Inc. - Class A (LYFT)
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Source: Yahoo! Finance
drivers , the ride-hailing companies are now threatening to leave Minnesota entirely.. In a statement, Lyft says if the compromise legislation the company will leave the entire state -- not just Minneapolis. "Lyft continues to support a minimum earnings standard for drivers," a statement from a Lyft spokesperson reads. "However, as was the case with the extremely-flawed Minneapolis ordinance, the proposed rates in the state bill would be incredibly damaging for both riders and drivers. Rides would become unaffordable for most across the state, not just in Minneapolis, and drivers would earn even less. It would make the service unsustainable in Minnesota, and we would be forced to shut down throughout the state, should it pass." Uber released a similar statement. The state bill will raise ride-hailing driver wages to $1.27 per mile and 49 cents per minute. That's lower than the wages in the Minneapolis ordinance, $1.40 per mile and 51 cents per minute, but below the numbers Ube
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