Connect with us

Hi, what are you looking for?

Fibonacci Tech News

Uber and Lyft to leave Minneapolis over ‘deeply flawed’ pay rules

Illustration by Alex Castro / The Verge

Uber and Lyft are pulling their services out of Minneapolis after the city council passed an ordinance that will increase drivers’ pay. Both companies say they will no longer offer ridesharing services in the city when the ordinance goes into effect on May 1st.

The ordinance, which guarantees drivers a minimum rate of $1.40 per mile and 51 cents per minute while carrying a rider, was first passed last week but later vetoed by Minneapolis Mayor Jacob Frey. The City Council voted 10–3 to override the veto on Thursday.

Lyft spokesperson CJ Macklin calls the ordinance “deeply flawed,” as the rates were determined before the state released a study detailing how much drivers would have to be paid to earn Minneapolis’ $15.57 per hour minimum…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Tech News

Image: Brazil Climate Summit At the moment I arrived at the Brazil Climate Summit event, it felt like home to me. As I opened...