|Bid||29.99 x 900|
|Ask||30.04 x 800|
|Day's Range||29.82 - 30.49|
|52 Week Range||13.71 - 41.86|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 02, 2020 - Nov 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.56|
On Thursday a California judge dismissed requests from Uber and Lyft asking for more time to appeal his decision which would force the companies to classify drivers in their largest market as employees.Yahoo Finance’s Alexis Keenan joins The Final Round to break down the details.
Welcome back to Human Capital, where we look at all things labor and diversity, equity and inclusion. This week, Uber and Lyft's legal battle against a California law pertaining to independent contractors continued. As of right now, it's looking like Uber and Lyft are going to temporarily cease operations in California next week if they can't get their way.
Are Uber and Lyft just bluffing? Both ride-hailing services threatened to temporarily shut down their operations in California after a judge declined to carve out an exemption for them from AB5, the new state law that would require the companies to classify drivers as employees. The court injunction gave Uber and Lyft 10 days from the Aug. 10 ruling to change the independent-contractor status of their drivers and provide them benefits such as health insurance and minimum wage.