Uber, Lyft Have a Lot Riding on Election Day

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Just one sentence could temporarily derail California’s gig-economy operation and investors should take note. DoubleLJSquared explains. WSJWhatsNow

Much of California’s gig-economy business could hinge on voters’ interpretation of just 13 words.

As they show up to pick between Joe Biden and Donald Trump on Nov. 3, Californians also will be asked to vote on Proposition 22. It would preserve the status of gig-economy drivers as independent contractors rather than employees, permanently enabling companies such as ride-share and food-delivery platforms to skirt regulations mandated by Assembly Bill 5, which went into effect on Jan. 1 of this year. The proposition would also,...

 

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DoubleLJSquared Deceitful democrats control the wording of all CA ballot measures and consistently try to confuse voters.

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