A judge ruled Wednesday that Lyft and Juno must pay their drivers according to rules set out by the City Council in March.
Lyft CEO Logan Green and President John Zimmer gather before the Nasdaq opening bell celebrating the company's initial public offering on March 29, 2019 in Los Angeles, California.has lost its lawsuit challenging New York City's minimum wage for ride-hailing drivers.
A judge has upheld New York City's minimum wage rule for ride-hailing drivers, one of the first laws of its kind in the country. was not sufficient to overturn the rule, which took effect in February. The companies argued that the formula for calculating driver pay using a"utilization rate" unfairly benefits Uber.The TLC's rules have hurt earning opportunities for drivers, and will diminish competition that benefits drivers and riders.
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