Tag: California Prop 22

  • Weakness in Uber and Lyft is an Opportunity

    Weakness in Uber and Lyft is an Opportunity

    Investors may want to pay close attention to Uber and Lyft. Late last week, a California court struck down a measure that exempted these companies from a “state law requiring drivers to be classified as employees eligible for benefits and job protections,” as noted by USA Today. In addition, according to The Wall Street Journal,…

  • Why LYFT and Uber Are Exploding Higher Today

    Why LYFT and Uber Are Exploding Higher Today

    Gig economy stocks, like LYFT Inc. (LYFT) and Uber (UBER) got a boost earlier this week on the passage of California Prop 22 won. As noted by The Guardian, LYFT and Uber won a major victory to classify drivers as contractors, not employees following the passage of the measure. “The passage of proposition 22 in…