Lyft Settles With Department of Justice Over Claim It Misled Drivers About Potential Earnings

During the pandemic, Lyft told drivers in some cities that they could make over $40 per hour. The Justice Department argued only the most hardcore drivers would make that much.

November 2, 2024 · 1 min · 68 words · Jessica Johnson

While not a flat-out lie, the advertised earning potential was not typical of most drivers in those cities.

That decision hurt it tremendously during the pandemic.

Ubers market cap today is $153 billion, while Lyfts is just over $5 billion.

Lyft settled with the Justice Department for $2.1 million over allegations that it misled drivers about potential earnings.

Lyft settled with the Justice Department for $2.1 million over allegations that it misled drivers about potential earnings.Bloomberg / Getty

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