We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lyft Inc | NASDAQ:LYFT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0828 | -0.62% | 13.2672 | 13.25 | 13.26 | 13.79 | 13.10 | 13.65 | 9,908,572 | 22:49:44 |
By Preetika Rana
Uber Technologies Inc. and Lyft Inc. are misclassifying their workers as independent contractors and need to treat them as employees according to state labor law, a California appeals court said Thursday, affirming a lower court ruling from August that threatened to upend the companies' business models.
Uber and Lyft would need to comply with the reclassification within 30 days of a formal ruling, which could take several weeks.
The companies, along with DoorDash Inc., Postmates Inc. and Instacart Inc., have raised more than $189 million for a ballot initiative on Nov. 3, asking that voters exempt them from such a reclassification. That result would supersede any court rulings.
(More to come.)
Write to Preetika Rana at preetika.rana@wsj.com
(END) Dow Jones Newswires
October 22, 2020 21:47 ET (01:47 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Lyft Chart |
1 Month Lyft Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions