Connect with us

Hi, what are you looking for?

Webinar News NetworkWebinar News Network

Tech News

Lyft fined $2.1 million for misleading ads about how much drivers could make

A picture of a Lyft sign.
A Lyft sign taken in January 2023 at the Sundance Film Festival in Park City, Utah. | Photo: Mat Hayward / Getty Images

The Federal Trade Commission (FTC) announced Friday that rideshare company Lyft has agreed to pay $2.1 million as part of a proposed settlement that requires it to change how it advertises driver pay.

The company routinely advertised that drivers could make “specific hourly amounts” — in one instance, claiming earnings of “up to $33” per hour for driving in Atlanta — that were based not on an average, but on what the top fifth of drivers made, according to the Commission. The company also apparently included tips in those figures.

Such moves “overinflated the actual earnings achieved by most drivers by as much as 30%,” writes the FTC, which says the company now must base potential pay claims on what drivers typically make, instead. And…

Continue reading…

You May Also Like

Politics

With the 2024 U.S. election around the corner, celebrities have been stepping forward to publicly endorse either Vice President Kamala Harris or former President...

Editor's Pick

Jeffrey Miron The standard argument for scope-of-practice (SOP) laws—and more generally, for occupational licensing—is that such regulation improves the quality of services by keeping...

Editor's Pick

Romina Boccia Ida May Fuller, the first person to receive a Social Security check, worked for just three years before receiving her first benefit...

Editor's Pick

Alex Nowrasteh Steven Malanga, a senior fellow at the Manhattan Institute and a senior editor of City Journal, argues that there is a crime...