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What will be Lyft's response to the FTC settlement by December 31, 2024?
2
Resolution / Starting Odds
Comprehensive policy overhaul • 25%
Minor adjustments • 25%
No changes • 25%
Other initiatives • 25%
Official statements from Lyft or press releases
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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No changes • 25%
Voluntary policy changes • 25%
Mandatory changes due to settlement • 25%
Other actions • 25%
Increase by over 10% • 25%
Decrease by over 10% • 25%
No significant change • 25%
Fluctuates but stabilizes • 25%
Appeal the decision • 25%
Accept and comply • 25%
Negotiate settlement • 25%
Other actions • 25%
No action taken • 25%
Warning issued • 25%
Fines imposed • 25%
Other penalties • 25%
No action taken • 25%
Fine imposed • 25%
Settlement reached • 25%
Service changes mandated • 25%
Largely negative • 25%
Mixed • 25%
Largely positive • 25%
Indifferent • 25%