11:51 AM EST, 01/30/2025 (MT Newswires) -- Uber Technologies ( UBER ) and Lyft ( LYFT ) are under investigation by the US Federal Trade Commission for allegedly illegally coordinating efforts to limit driver pay in New York City, Bloomberg reported Thursday, citing documents it reviewed.

Uber ( UBER ) and Lyft ( LYFT ) did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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