Uber, DoorDash, Lyft stocks rise after Prop. 22 ruling in California

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Shares of Uber Technologies Inc. Lyft Inc. and DoorDash Inc. ended higher Tuesday, a day after a California appeals court handed them a partial victory that...

Shares of Uber Technologies Inc.

and DoorDash Inc. Lyft Inc.

 

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This is great news for gig workers in California! Prop22

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Uber, Lyft can treat drivers as contractors, California court saysUber and Lyft can continue to treat their drivers as contractors in California, a state appeals court ruled Monday, in a major victory for the ride-share companies. It partially reversed a lower court's ruling that Proposition 22 was unconstitutional. so basically, all their drivers are open to blatant economic exploitation where all the drivers take on massive debt driving cars that were never meant to be used as taxis, which means far higher maintenence, insurance, interest and depreciation costs are borne by the drivers. Yeah, who gives a fuck about what voters want! Man, good to know the courts have the common peoples back and won't rule in favor of corporations without such overwhelming evidence as to be embarrassing it was brought into court in the first place. *drips with viscous sarcasm and venom*
Source: washingtonpost - 🏆 95. / 72 Read more »