Month: November 2019

Catastrophically Huge’: New Labor Laws Aimed at Independent Contractors Could Be a Huge Drag on Uber and Lyft Stock

Since July, shares of both Uber and Lyft have been skidding downward: down 37% and 27% respectively from midsummer highs. One of the reasons is regulation, particularly in the form of employment laws. A new measure in California—AB-5—and related bills in New Jersey and New York would put more pressure on the major names in […]

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