Uber and Lyft promised to give drivers independence and the flexibility to work whenever they wanted. But this summer in New York City, these ride share companies started restricting when their drivers could go online. A new Bloomberg investigation found that driver lockouts were designed to save the companies millions in minimum wage payments — and ultimately cost drivers in the process.

On today’s Big Take podcast, Bloomberg tech reporter Natalie Lung joins host Sarah Holder to talk about the strategy behind the lockouts, and how she and her team crowd-sourced stories from hundreds of drivers to understand the impact. 

Read more: How Uber and Lyft Used a Loophole to Deny NYC Drivers Millions in Pay

Uber and Lyft promised to give drivers independence and the flexibility to work whenever they wanted. But this summer in New York City, these ride share companies started restricting when their drivers could go online. A new Bloomberg investigation found that driver lockouts were designed to save the companies millions in minimum wage payments — and ultimately cost drivers in the process. On today’s Big Take podcast, Bloomberg tech reporter Natalie Lung joins host Sarah Holder to talk about the strategy behind the lockouts, and how she and her team crowd-sourced stories from hundreds of drivers to understand the impact.  Read more: <a href="https://www.bloomberg.com/graphics/2024-uber-lyft-nyc-drivers-pay-lockouts/">How Uber and Lyft Used a Loophole to Deny NYC Drivers Millions in Pay</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

How Uber and Lyft Used ‘Lockouts’ to Deny NYC Drivers Millions

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/30453d03-5adf-4916-9443-b2060142bc34/transcript

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