Tag: Uber Technologies 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 […]

  • Silvergate, Etsy, SVB Financial, Uber and more

    Pavlo Gonchar | Rocket | Getty Images Check out the companies that made headlines for the opening bell: Etsy — Shares fell more than 6% in premarket after Jefferies double downgraded the online marketplace to underperform buying. The company cited the company’s need to spend more on marketing as customer churn increases. Silvergate Capital – […]