|Bid||31.91 x 900|
|Ask||31.89 x 1000|
|Day's range||30.69 - 31.95|
|52-week range||14.56 - 65.92|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Uber and Lyft are both facing another lawsuit from the office of the California Labor Commissioner alleging wage theft. Filed today, the suits argue both Uber and Lyft are misclassifying their drivers as independent contractors and aim to enforce the labor practices set forth by AB 5. "The Uber and Lyft business model rests on the misclassification of drivers as independent contractors,” California Labor Commissioner Lilia García-Brower said in a statement.
With coronavirus restricting people to their homes, weakness in ride volumes is expected to have weighed on Lyft's (LYFT) Q2 performance.
Uber driver Johan Nijman faces a difficult decision as federal unemployment aid expires: risk failing to pay for groceries and even lose his home, or resume driving and potentially catch COVID-19. Nijman is among thousands of Uber Technologies Inc <UBER.N> and Lyft Inc <LYFT.O> drivers across the United States choosing between physical and financial health risks as $600 in additional weekly unemployment assistance expire. While drivers are not the only workers struggling, they are particularly vulnerable as their work puts them close to many strangers.