Lyft Information For IPO, Says It ‘represents Freedom At Your Fingertips’

Lawsuits. Lyft is swimming in lawsuits. It lists 14 suits in its SEC filing and health care store edmonton refers to several others. Six of the instances it particulars are class action fits introduced by its drivers over classification. These drivers want to be categorised as workers — and get all the advantages that come with that — as a substitute of unbiased contractors. Lyft warns that if the current classification mannequin is modified, “there could also be antagonistic business, monetary, tax, authorized and other penalties.”

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That stated, the mood at Defcon seemed a bit extra mellow and weirdly, more well behaved, than in years previous. Maybe it was COVID worries or an absence of occasion funding stemming from the drop in crypto. Maybe folks just returned after a multi-yr hiatus and realized that they are simply not as younger as they was.

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