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Lyft Loses Lawsuit Challenging NYC Driver Pay Law

New York City was supposed to be a great market for ride hailing companies Uber and Lyft, but is now much less attractive after recent regulations went into effect that essentially capped the number of drivers and required a minimum driver wage of at least $15 an hour after expenses. Lyft on Wednesday lost a lawsuit it filed that argued the wage law is unfair because after it has been in effect...

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