Lyft have shared the winners of their 2018 "Lyftie Awards," where they list what they say is the bar, concert venue, fitness studio, brunch spot, late-night restaurant, late-night neighborhood, and "only in NYC" spot where they've dropped off the most customers. This year Queens' Forest Hills Stadium is named their most-visited concert venue, while Brooklyn's Elsewhere, which recently celebrated its first birthday, is its most-visited bar. Forest Hills Stadium appearing as the music venue on this particular contest shouldn't be too surprising, probably due to its location, which may seem intimidating from a public transportation point of view compared to where people in the NYC area are used to seeing shows (like the even bigger MSG and Barclays Center). Wonder what these results will look like in a year, once the L train shutdown has begun?
Meanwhile, NYC has instituted a minimum wage for Lyft, Uber, and other ride-hailing app drivers, the first of its kind, to go into effect at the end of December. The $17.22 per hour minimum wage is, according to NYC's Taxi and Limousine Commission, the equivalent of a $15 minimum wage, accounting for payroll taxes paid by drivers and their lack of paid time off. Along with a cap on licenses for new Uber and Lyft drivers set to go into effect at the beginning of 2019, it's possible that you could be seeing raised fares on your ride in the near future.
Lyft filed for an IPO on Thursday (12/6), beating Uber in the race to go public. Both companies reported losses in the third quarter.