| Seeking Alpha

Lyft sues NYC over cruising time caps

Following a similar move by rival Uber (NYSE:UBER), Lyft (NASDAQ:LYFT) has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers.

The lawsuit argues that the cruising rule is arbitrary and threatens to shift business away from ride-hailing companies in favor of taxis.

Uber contested the rule in September along with another rule banning issuance of new licenses to for-hire vehicles through August 2020.


Jackson @JacksonStewal - 6 hours ago
@LarrySabin1 Depends on the equity. I would not hold $BYND into earnings, $NFLX no problem now, $UBER would worry m… https://t.co/NJKYEd0142
Larry Sabin @LarrySabin1 - 6 hours ago
@JacksonStewal There are opportunities everywhere. I appreciate everyone’s contributions! Fortunately, I’ve been a… https://t.co/iiSgDlzT3m
CaribbeanValueInvest @CVIJamaica - 6 hours ago
@guruintraining_ Think it may be time we shared our bull case for $TSLA $BABA and $UBER
Carol A Lawson, Esq. @ClwtrBkAtty - 6 hours ago
RT @PekalaLaw: "If (#Uber and #Lyft) cared as much about equity as they say, they would cut their drivers in on a bigger share of profits"-…
Permabear Doomster @permabear_uk - 7 hours ago
$UBER settled +1.6% at $33.05. I can understand the more cautious bulls jumping aboard, but there are so many bette… https://t.co/MNCxZhYiKr
Dan Russo, CMT @DanRusso_CMT - 7 hours ago
@vixologist @Michael_Khouw @businessinsider It's kind of a marketing joke by the bankers. $UBER is not a tech compa… https://t.co/6yPg8xbOUT
I'd Rather Be Trading @betrading2 - 7 hours ago
$UBER continues to tease me sitting right at my breakeven with 2DTE! Sold some calls against my $AAL stock just in… https://t.co/yWbn8ui5UE
ProTradersNews @ProTradersNews - 7 hours ago
$PYPL $V $SQ $MELI $UBER: PayPal Stock Is Popping as Earnings and Payment Volume Beat Estimates: https://t.co/7Su7mr6hOb
JQL @JeannaQLiu - 7 hours ago
$PYPL out with a huge Q3 despite lowering guidance earlier in the month from $UBER and $MELI investments. - Revs u… https://t.co/BMZGRRvdkW
Barbarian Capital @BarbarianCap - 7 hours ago
Wow, $UBER is really thinking out of the box here to address the AV delays>>> Study shows rats can learn to drive… https://t.co/fXVovegkG1
Allocated Industries @PRICEages - 7 hours ago
#PyndanEX™ | Uber Technologies Inc ( $UBER ) price at close, 2019-10-23, is 32.8.
Safety First @djt1940 - 7 hours ago
RT @mydoghasagun: This is the statement that blew up my $UBER puts today? Of course, $LYFT and Uber are exactly the same, so if Lyft can d…
Option Research @optionrats - 7 hours ago
It was a fun show today. I join at 35:00. Matt Amberson on the PreMarket Prep Benziga Show https://t.co/DJDP4bDkqj… https://t.co/VFCq6HRmBm
rocobasilisk @rocobasilisk - 7 hours ago
RT @HedgeMind: $UBER The Saudi sovereign wealth fund, the 2nd largest holder of $UBER shares, also kept its stake unchanged as it disclosed…
Safety First @djt1940 - 2 days ago
RT @rothwell_scott: $Uber driver going have to be $Lyft driver from now on I guess? Teen girl shot accidentally by Uber driver while ridin…