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Did the California Governor Just Kill Uber and Lyft?
California Governor Gavin Newsom has finally signed a new law that would really help the gig economy. Assembly Bill 5 (AB5) was introduced by Assemblywoman Lorena Gonzalez in January with the intention to codify a recent State and Supreme Court decision into law. The details are complicated, but the intent is to ensure that employers…
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Lyft Buys Motivate (CitiBike) and Plans Major NYC Expansion
Lyft has now completed its acquisition of the company behind Citi Bike, and they’re not wasting any time ensuring that they’re a major player in the bike-sharing world. They have already struck a deal with New York City to expand Citi Bike through a $100 million investment. The plan will “more than triple” Motivate’s required…
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New York City Imposes Fees on All Ride-Hailing Services
Lawmakers passed a budget bill last Friday, in New York, which requires ride-hailing services and taxis to pay a new fee if they drive in Manhattan. And, I must say, these aren’t small fees either. Uber and Lyft are facing a $2.75 increase for each ride. Taxis are going to see a $2.50 increase and…
