FTC hits Lyft with $2.1M penalty for luring drivers with false earnings claims | TechCrunch
Briefly

from TechCrunch5 months ago
Lyft systematically inflated the incomes it advertised to drivers it was attempting to recruit in 2021 and 2022, misleading them about potential earnings.
TechCrunchhttps://techcrunch.com/2024/10/25/ftc-hits-lyft-with-2-1m-penalty-for-luring-drivers-with-false-earnings-claims/
The FTC noted that Lyft's representations did not reflect what average drivers could earn, as figures were based on the top one-fifth of earnings.
TechCrunchhttps://techcrunch.com/2024/10/25/ftc-hits-lyft-with-2-1m-penalty-for-luring-drivers-with-false-earnings-claims/
Lyft's misleading compensation guarantees led drivers to believe they would receive stated amounts without clearly stating the conditions attached to them.
TechCrunchhttps://techcrunch.com/2024/10/25/ftc-hits-lyft-with-2-1m-penalty-for-luring-drivers-with-false-earnings-claims/
Despite warning from the FTC about illegal practices in October 2021, Lyft continued to mislead potential drivers, resulting in the settlement.
TechCrunchhttps://techcrunch.com/2024/10/25/ftc-hits-lyft-with-2-1m-penalty-for-luring-drivers-with-false-earnings-claims/
Read at TechCrunch
#lyft #ftc #settlement #deceptive-practices #driver-earnings
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