Uber, Lyft stocks rise after resolving Massachusetts settlement

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Josh Lipton,Minimum Wage

Shares of Uber (UBER) and Lyft (LYFT) are trading higher on Friday after the rideshare companies agreed to offer drivers a minimum wage, paid sick leave, and...

) are trading higher on Friday after the rideshare companies agreed to offer drivers a minimum wage, paid sick leave, and other benefits as part of a $175 million settlement with the state of Massachusetts.Now starting off with Uber and Lyft shares of the ride sharing companies rising after both agreed to offer a minimum wage, paid sick leave and other benefits for drivers.This is all part of a $175 million settlement with the state of Massachusetts specifically.

I mean, all the companies wanna, it sounds like kind of hammer out these deals that give driver benefits but still, you know, kind of classify them as independent contractors.There was a, there was a referendum in Massachusetts as well.Now, Uber and Lyft aren't going to support that referendum. It doesn't mean they're not gonna pass but they're not gonna push it as they have been as part of the settlement.I was reading that we're still waiting for a decision from the California Supreme Court about this 2020 voter approved ballot measure that classifies dryers as contractors.TORONTO — Ontario Premier Doug Ford kicked a backbencher out of the Progressive Conservative caucus on Friday after what he called repeated and serious lapses in judgment.

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