Uber is updating its month-old coronavirus pay policy to include some drivers with preexisting conditions [CNNMoney.com]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: CNNMoney.com
Uber is updating its month-old coronavirus pay policy to include some drivers with preexisting conditions (CNN Business) Uber is addressing some mistakes it made when originally setting up its financial assistance program for its drivers and delivery workers impacted by coronavirus. With gig workers on the frontlines of the outbreak as people stay home and avoid public transportation, Uber was the first of the on-demand gig companies to announce it would compensate those diagnosed with coronavirus or placed in mandatory quarantine. It would provide assistance to qualifying drivers for up to 14 days. But it has received some criticism for not doing more for its workers, including helping the most vulnerable. Some drivers, for example, initially thought they could apply for the pay if they had a doctor's note indicating they have underlying health conditions but they didn't qualify. In a revised policy, outlined in a blog post Friday, Uber broadens who is eligible for assistance.
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- Lyft (NASDAQ:LYFT) was upgraded by analysts at Arete from a "sell" rating to a "neutral" rating. They now have a $20.00 price target on the stock.MarketBeat
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