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Market
Will Lyft's stock price drop by more than 10% by November 25, 2024 following FTC settlement?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Stock market data from NASDAQ
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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Increase by over 10% • 25%
Decrease by over 10% • 25%
No significant change • 25%
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Lyft shares increase more than Uber shares • 25%
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