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Chinese Carmaker BYD Raises $1.78 Billion in Share Placement

The Wall Street Journal

Gig Companies Can’t Take Everyone for a Ride

As gig economy companies work to woo drivers back to their platforms, they have been making some expensive promises. On Tuesday, the Federal Trade Commission said it sent a notice of penalty offenses to more than 1,100 companies, warning that those that mislead people about potential earnings could incur fines that can exceed $43,000 per offense. For gig economy companies, this includes “pitching a steady second income” for drivers that may prove to be less than advertised, the agency said.

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