Lyft lured drivers with false claims about pay, FTC says. Company will pay $2.1 million

When Lyft faced a driver shortage in 2021, the ride-hailing company launched a major marketing campaign to lure drivers with eye-catching earnings — up to $43 an hour in Los Angeles, $41 in Portland and $33 in Atlanta, according to the Federal Trade Commission. What these advertisements failed to mention was that only 1 in 5 drivers were actually making these rates, the FTC said. On Monday, the agency and the Department of Justice announced that Lyft had agreed to pay a $2.

' In addition to advertising that misled drivers on hourly pay rates, the FTC also said Lyft's 'earnings guarantee' program was misleading. This program promised big payoffs for completing a certain number of rides within a set time period, such as $975 for completing 45 rides in a weekend, according to the FTC.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lyft to pay $2.1M fine to settle FTC charges it inflated drivers' earnings prospectsToday's Video Headlines: 10/25/24
Source: nypost - 🏆 91. / 67 Read more »

Lyft is also partnering with robotaxi companiesLyft announced partnerships with three autonomous driving companiees: Mobileye, May Mobility, and Nexar. The company plans on using its “Lyft ready” turnkey solution.
Source: verge - 🏆 94. / 67 Read more »

NYC tourist bus company tries to edge out rival with violent beatdowns, weed smoke and megaphone attacks on customers: suitTourist bus company forces workers to attack, harass rival company
Source: nypost - 🏆 91. / 67 Read more »