Thursday, August 13, 2020

Lyft Joins Uber In Threat To Suspend Operations

On demand ride service Lyft has joined Uber, in saying it may be forced to suspend its operations in California, after a judge ruled that both Uber and Lyft must abide by Assembly Bill 5 (AB5). According to Lyft President Josh Zimmerman on its earnings call on Wednesday, Lyft would have "no choice" but to suspend its California operations, saying that California voters can "vote yes on Prop 22". Lyft said that 80 to 90 percent of its drivers, and large regions of California would lose access to Lyft and Uber if voters fail to approve that proposition.