California Votes Tallied on Prop 22

As the votes roll in for the presidential election, another important vote took place yesterday. In California, residents voted on Prop 22. According to Business Insider, “Proposition 22 is a November ballot measure that aims to exempt ride-sharing and food-delivery firms from AB5, a California gig worker law that forces Uber and Lyft to classify […]

Read More

Are Changes Ahead for Gig-Economy?

On Thursday, a California appears court upheld a state order that ride sharing companies, Uber and Lyft are required to treat their drivers in California as employees instead of independent contractors. The ruling from the court comes less than two weeks before voters in the state of California will be asked to vote on Proposition […]

Read More

Uber IPO

This evening the world’s largest ride hailing giant, Uber will price its initial public offering just ahead of its Friday trading debut.  Analysts predict the valuation of the IPO will be between $80.5 billion to $91.5 billion.  Uber has stated there will be 1,676,959,021 shares outstanding after the IPO which would suggest a price range […]

Read More