Tag: Lyft Inc

  • Uber, Lyft Shares Soar After California Court Prop. 22 maintains

    In November 2020, California voters passed Proposition 22, allowing ride-sharing apps such as Uber and Lyft to classify their drivers as independent contractors, limiting the companies’ obligation to provide certain benefits. A group of drivers challenged the proposal and in 2021 a judge said it was unconstitutional. But on Monday, an appeals court overturned that […]