Shares of Uber, Lyft soar on expected passage of California gig-labor ballot measure

Shares of American ride-hailing giants Uber and Lyft are sharply higher in pre-market trading this morning on the expected passage of Proposition 22, a California ballot measure that allows tech-enabled, on-demand companies to continue classifying gig workers as independent contractors. Shares of Uber are up 11.88% in pre-market trading, while shares of Lyft — which … Continue reading Shares of Uber, Lyft soar on expected passage of California gig-labor ballot measure