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Market
How will Lyft's market share change by October 25, 2025?
2
Resolution / Starting Odds
Increases significantly • 25%
Remains stable • 25%
Decreases slightly • 25%
Decreases significantly • 25%
Industry reports or market analysis publications
Story
Lyft to Pay $2.1 Million Fine for Deceptive Advertising on Drivers' Earnings, FTC Says
Oct 25, 2024, 08:32 PM
Lyft Inc. has agreed to pay a $2.1 million civil fine to settle allegations of deceptive advertising brought by the US Federal Trade Commission (FTC). The FTC accused the ride-hailing company of misleading prospective drivers about potential earnings, inflating hourly earnings in advertisements by more than 20%, and in some cases by more than 30%. This settlement resolves the lawsuit and aims to stop Lyft from continuing such practices. The FTC ordered Lyft to cease these deceptive practices.
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Similar markets
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Lyft increases market share • 25%
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