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Lyft

Uber, Lyft Shares Soar After California Voters Pass Proposition 22

November 4, 2020 by Counter Markets

By Tyler Durden According to the Associated Press, gig economy companies Uber Technologies Inc., Lyft Inc., and DoorDash Inc. have prevailed in their expensive quest to keep drivers classified as independent contractors. California voters approved Proposition 22 Tuesday evening, which would exempt gig-economy companies from a state law requiring them to classify their … [Read more...] about Uber, Lyft Shares Soar After California Voters Pass Proposition 22

Ride Sharing and the Absurdity of “Protecting” Workers Out of a Job

August 22, 2020 by Counter Markets

By Raymond C. Niles Lyft and Uber have gotten a temporary reprieve and have been walked back from the gallows. A California appeals court has issued a temporary restraining order barring enforcement of California law AB5, which would have forced both companies to reclassify their drivers as employees, rather than as independent contractors. Both companies had planned to shut … [Read more...] about Ride Sharing and the Absurdity of “Protecting” Workers Out of a Job

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