Lyft has to pay out $272 million for the fraud they perpetrated on their employees from 2016 through 2020!
But then in 2020, they spent $200 million to make that fraud legal, so now they won't have to pay that again in the future!
According to methane-breathing money-ghouls who run our world, this was a great investment: they could have just spent an additional $50M/year on salaries, but now they legalized an across-the-board salary reduction that pays itself back in only 4 years. Half that, actually, because they went halfsies on it with Uber! Someone's getting a raise.
This goes way beyond "a fine is a price".
Lyft is set to pay a historic $272.5 million settlement to resolve allegations around misclassifying its drivers as independent contractors instead of employees:
("allegations")
San Francisco City Attorney David Chiu said it was "the largest wage-and-hour settlement in California history." [...]
That's a time before voters approved Proposition 22, an Uber- and Lyft-funded ballot measure that classified ride-hail drivers as independent contractors, meaning they would not receive the benefits and wage protections afforded to other workers. The gig companies spent more than $200 million on the measure.
Previously, previously, previously, previously, previously, previously, previously, previously, previously, previously, previously, previously, previously, previously, previously, previously, previously.