Minneapolis Prepares for Uber and Lyft Exit as New Rideshare Options Emerge

Uber and Lyft plan to exit the Minneapolis market on May 1 in response to a new city ordinance requiring them to pay drivers a higher rate. The ordinance mandates a minimum rate of $1.40 per mile and $0.51 per minute, which the companies argue is too high. The move has sparked debate, with some supporting the ordinance to ensure fair wages for drivers, while others oppose it due to concerns about losing access to ride-hailing services. The state government and city council are considering potential actions to address the situation, while residents and drivers are divided on the issue.