Uber and Lyft threatened to leave Minneapolis after the city council approved a minimum wage for drivers that would force the tech companies to pay drivers $1.40 per mile and $0.51 per minute during rides. The ordinance, which passed the Council 7-5 on Thursday, could still be vetoed by Minneapolis Mayor Jacob Frey,…
The days of sky-high carshare rates could be behind us—at least if Lyft is your app of choice. The Uber competitor announced during a quarterly earnings call yesterday that phasing out surge pricing is on its list of priorities moving forward.