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LYFT May 2024 20.500 put
| Previous close | 3.5400 |
| Open | 3.5400 |
| Bid | 2.9700 |
| Ask | 4.7000 |
| Strike | 20.50 |
| Expiry date | 2024-05-17 |
| Day's range | 3.5400 - 3.5500 |
| Contract range | N/A |
| Volume | |
| Open interest | 57 |
BenzingaUber and Lyft Gear Up for Pay Increases in Minnesota: What Drivers and Investors Need to Know
Uber Technologies, Inc (NYSE:UBER) and Lyft, Inc (NASDAQ:LYFT) drivers in Minnesota will receive higher pay starting January 1, 2025, thanks to a new law resulting from negotiations between the state and these ride-hailing giants. Governor Tim Walz, who supports the bill and will likely sign it, has agreed on rates of at least $1.28 per mile and $0.31 per minute for drivers. The rates align with a state study’s recommendations, which suggested earnings between $0.89 and $1.207 per mile and $0.48
LA TimesCalifornia Supreme Court to hear arguments on Uber, Lyft-backed Prop. 22
California's Supreme Court will hear arguments on the constitutionality of Proposition 22, which classified drivers working in the gig economy as independent contractors.
ReutersCalifornia court weighs fate of law treating app-based drivers as contractors
(Reuters) -Judges on California's top court on Tuesday considered whether voters had the power to allow app-based services such as Uber and Lyft to classify drivers in the state as independent contractors rather than as employees with greater benefits. The seven-member California Supreme Court heard oral arguments in San Francisco in a lawsuit by the Service Employees International Union (SEIU) and four drivers who say a 2020 ballot measure known as Proposition 22 was unconstitutional. The measure exempts app-based drivers from a 2019 state law that narrowed the circumstances in which many workers can be treated as contractors.
