#Uber, Lyft stock soars after California Proposition 22 passes

#Uber, Lyft stock soars after California Proposition 22 passes

“#Uber, Lyft stock soars after California Proposition 22 passes” Uber and Lyft’s stock prices soared Wednesday after California voters allowed the ride-hailing giants to continue treating their drivers as independent contractors instead of employees. Uber shares surged 11.5 percent in premarket trading while Lyft’s spiked about 14.8 percent as of 7:54 a.m. after the passage…

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#Appeals court rules against Uber, Lyft in CA driver fight

#Appeals court rules against Uber, Lyft in CA driver fight

“#Appeals court rules against Uber, Lyft in CA driver fight” A California appeals court said Uber and Lyft must treat their drivers there as employees, handing the ride-hailing giants another defeat in a legal battle that could upend their business. The Thursday ruling came as the Silicon Valley firms urged California voters to exempt them…

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