Lyft paid $19.4 million to New Jersey over driver misclassifications

Core Insights - Lyft has paid $19.4 million to New Jersey due to an audit revealing that the company misclassified over 100,000 drivers as independent contractors [1] Company Summary - The payment of $19.4 million is a result of state officials' findings from an audit [1] - The misclassification of drivers as independent contractors has significant implications for labor classification and regulatory compliance within the ride-sharing industry [1]