Brewer Erin sold $264K of LYFT (indirect holdings)

Cantor Fitzgerald reduced its price target for Lyft (LYFT) to $15 from $17, citing growth deceleration. The stock trades at $16.82 with a P/E ratio of 2.3. Analysts have mixed views on Lyft's future, with some highlighting growth drivers and others expressing concerns over competition and Waymo deployments.

Lyft will pay $272.5 million to settle claims it misclassified drivers as independent contractors in California from 2016 to 2020, according to the state's attorney general. Drivers are eligible for employee benefits, with at least $237 million to be split among them. The settlement follows a six-year legal battle and comes after Lyft helped pass Proposition 22, exempting gig companies from state labor laws.

Lyft agreed to a $272.5M settlement with California's Labor Commissioner's Office to resolve claims of misclassifying drivers as independent contractors. The settlement, the largest of its kind in state history, addresses alleged wage violations from 2016 to 2020. 87% of the funds will go to drivers, according to the LCO.

Lyft agreed to a $272.5M settlement with California's Labor Commissioner's Office to resolve claims of driver misclassification. The settlement, the largest of its kind in the state, addresses alleged wage violations from 2016 to 2020. 87% of the funds will go to drivers. Lyft does not need to reclassify drivers under the agreement, according to the press release.

Lyft agreed to a $272.5 million settlement over allegations of underpaying drivers in California. The settlement, pending court approval, designates $237 million for eligible drivers' compensation. Lyft denies wrongdoing, but the case highlights ongoing disputes over driver classification in the rideshare industry.

Lyft will pay $272.5 million to settle California wage theft claims, with $237 million going to drivers. The settlement covers drivers active between 2016 and 2020, resolving allegations of misclassification. Lyft denies wrongdoing and will pay over 4 years, with interest capped at $12.4 million. The deal does not require reclassifying drivers as employees.