Uber And Lyft Score Gig Work Court Win. But Their Stocks Are Little Helped.
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The California Supreme Court on Thursday upheld a ballot measure that allows app-based companies like Uber and Lyft to classify drivers as independent contractors. The court ruled that the state's 2020 Proposition 22 is constitutional. The ballot measure allows companies such as Uber, Lyft and DoorDash to classify their employees as independent contractors.