Lyft Joins Uber (UBER) in Suing New York City

Uber Technologies, Inc. (NYSE:UBER) is one of the best big tech stocks to buy according to Wall Street analysts. Reuters reported on June 11 that Lyft has joined Uber Technologies, Inc. (NYSE:UBER) in suing New York City to block a new law that, according to them, would force them to keep bad drivers who threaten passenger and public safety on their platforms. Lyft’s lawsuit was filed in Manhattan federal court late Wednesday, 24 hours after Uber Technologies, Inc. (NYSE:UBER) sued the city. The two companies are challenging Local Law 52 of 2026, which ​generally prevents large ride-sharing companies from swiftly dismissing drivers absent a “just cause” or “bona fide ⁠economic reason”. The law would take effect on July 28.

Reuters further reported that the companies believe the law targeting “wrongful deactivations” violates their due process ​and free speech rights under the U.S. Constitution, while also threatening “irreparable harm ​by undermining their reputation and goodwill while keeping unsafe drivers, including those accused of sexual misconduct, on the road”. The law was called “hazardous” by Lyft and “reckless” by Uber Technologies, Inc. (NYSE:UBER).

Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company’s operations are divided into Delivery, Mobility, and Freight. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.

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