Biden's FTC launched last-minute Uber, Lyft probe over alleged collusion in stiffing NYC drivers
1. FTC investigates Uber and Lyft for potential illegal driver pay collusion. 2. Both companies received subpoenas related to their agreement with NYC officials. 3. Lyft emphasizes compliance with antitrust laws amid regulatory scrutiny. 4. Uber and Lyft stocks fell after news of the investigation was reported. 5. FTC's new chair may influence the future direction of this inquiry.