• Uber and Lyft shares soar as ride-hailing apps avert Calfornia shutdown

    Uber and Lyft shares soar as ride-hailing apps avert Calfornia shutdown

    Uber and Lyft saw their stocks soar after an eleventh-hour stay allowed the companies to avoid a service shutdown in California. The ride-hail giants were set to suspend service in their largest US market Thursday at midnight after a judge ruled they had violated the state’s Assembly Bill 5, which requires companies to classify their …
  • Uber says new driver ruling would force it to shut down in California

    Uber says new driver ruling would force it to shut down in California

    Uber would be forced to shut down its ride-hailing operations in California if a court ruling that blocks it from classifying its drivers as independent contractors goes into effect, the company said in a court filing. A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber and rival Lyft from …
  • California sues Uber, Lyft for classifying drivers as contractors

    California sues Uber, Lyft for classifying drivers as contractors

    California sued Uber and Lyft this week for treating their drivers as contractors rather than full employees, in the latest episode of the state’s feud with big tech companies. The Tuesday complaint accuses the ride-hailing giants of misclassifying their drivers as independent contractors and denying them protections such as a minimum wage, overtime pay, sick …