Ride-hailing giants Lyft and Uber are taking on the city that never sleeps, filing a lawsuit against New York City in an effort to block a new law aimed at retaining drivers. The law, set to take effect in August, would require ride-hailing companies to provide drivers with a guaranteed minimum level of income, as well as offer them more benefits and protections. The companies argue that the law would be a financial burden and stifle their ability to operate in the city, while city officials claim it is a necessary step to ensure fair treatment of drivers. As the battle between the ride-hailing industry and city regulators heats up, one thing is clear: the future of ride-sharing in New York City hangs in the balance.
Lyft, Uber sue New York City to block driver retention law Reuters
