Uber and Lyft to shut down in Ohio, Georgia, Florida, Kentucky and Alabama

Updated June 30, 2018 10:06:23The ride-hailing company and its competitors in the ride-sharing space are all on the verge of shutting down, according to a report from Bloomberg.

Uber and Lyft are all but certain to lose business in some states and be shut down for good in others.

Uber is also facing a $1 billion class action lawsuit from its customers.

Lyft, the online ride-booking company, faces a class action suit from its drivers, who say they were unfairly targeted by the ride sharing company.

In the suit, Uber claims Lyft drivers were paid an average of $1,865 per hour less than their counterparts.

The lawsuit also claims that Uber and its drivers have faced retaliation from drivers and that the company is liable for all damages to its drivers.

The company will shut down by the end of the month in the five states and the District of Columbia that it operates in, according the Bloomberg report.

Uber has not yet responded to a request for comment.

Uber, which launched in the U.S. in 2015, was founded by two Stanford students, Travis Kalanick and Peter Thiel.

The company currently operates in more than 100 cities and has more than 11,500 employees.