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Lyft, Uber Sue New York City to Block Driver Retention Law
The companies say the measure would force them to keep unsafe drivers and violates their constitutional rights.
Summary by Channel News Asia
6 Articles
6 Articles
Uber shares dip as regulatory pressure in New York heats up
Uber shares fell to $67.90 Thursday, down $0.71, as investors reacted to a new legal battle over New York City’s Local Law 52, which restricts ride-hailing firms from deactivating drivers without just cause; the law is set to take effect July 28 and poses fresh regulatory risks in a key market even as Uber’s growth and analyst sentiment remain strong. The post Uber shares dip as regulatory pressure in New York heats up appeared first on TechStoc…
The driving agent Uber is suing the city of New York to bring down a law on "unjustified deactivation" of drivers.
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Total News Sources6
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
Factuality
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