Loading...
Market
Will FTC release guidelines on earnings claims in gig economy ads by end of 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Public announcements or publications from the FTC
Story
Lyft to Pay $2.1 Million Fine for Inflating Driver Earnings by Up to 30%, FTC Says
Oct 25, 2024, 09:05 PM
Lyft Inc. has agreed to pay a $2.1 million civil fine to settle charges brought by the U.S. Federal Trade Commission (FTC) alleging that the company deceived prospective drivers about their earning potential. The FTC accused Lyft of inflating earning claims in its advertisements by 20% to 30%, with some ads promising over $30 per hour. The settlement, filed in San Francisco federal court, requires Lyft to stop this conduct and pay the fine. FTC Chair Lina Khan stated that firms luring workers with false earnings claims are breaking the law. The FTC's action aims to prevent companies from deceiving drivers with misleading earnings prospects.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
