Uber, Lyft say they'd leave Minnesota under ‘compromise' rideshare wage bill [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
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Source: Yahoo! Finance
The rideshare companies on Monday said they'll still pull out of Minnesota under a bill that would set the statewide minimum wage for ride-hailing drivers at $1.27 per mile and $0.49 per minute. “This compromise represents significant movement from the Minneapolis City Council as we all work towards ensuring drivers in our state are fairly paid,” said House Majority Leader Jamie Long, DFL-Minneapolis. The Minneapolis City Council earlier this year passed an ordinance setting the minimum wage at $1.40 per mile and $0.51 per minute in city limits, prompting ride-hailing companies' threats to leave the city and possibly the entire state of Minnesota on July 1 when the ordinance goes into effect. Minneapolis city leaders already pushed back the start date from May 1, buying more time for negotiations. A state study published in March found metro Uber and Lyft drivers make about $14.48 per hour on average after expenses like gas, insurance and wear-and-tear. That's below the curre
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UBER
Earnings
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UBER
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- 5/17/24 - Form 4
- 5/17/24 - Form 144
- 5/15/24 - Form 4
- UBER's page on the SEC website