Tag: California Prop 22
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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,…
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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…