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Lyft Recordsdata For IPO, Says It ‘represents Freedom At Your Fingertips’

Lawsuits. Lyft is swimming in lawsuits. It lists 14 fits in its SEC filing and refers to several others. Six of the circumstances it details are class action fits brought by its drivers over classification. These drivers wish to be categorised as employees — and get all the advantages that include that — as an alternative of unbiased contractors. Lyft warns that if the current classification model is modified, «there could also be hostile enterprise, monetary, tax, authorized and different penalties.»

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That mentioned, the mood at Defcon seemed a bit extra mellow and bathroom supply store Edmonton weirdly, extra effectively behaved, than in years past. Maybe it was COVID worries or a lack of celebration funding stemming from the drop in crypto. Maybe folks just returned after a multi-yr hiatus and realized that they are just not as young as they used to be.