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Stock impact report

Californians are asking, is it time to raise taxes on the rich? [Yahoo! Finance]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Dubbed the most expensive ballot measure campaign in U.S. history, Proposition 22 created exceptions for app-based delivery companies like Uber and Lyft to classify their drivers as independent contractors instead of employees. This allowed the tech companies to skirt California's labor laws for minimum wage, overtime and unemployment insurance. “The public was very much in favor” of these benefits for gig workers, which is why voters passed a 2019 law, AB 5, that forced delivery apps to categorize their drivers as employees in the first place,” said Rob Lalka, a business and management professor at Tulane University, to the Deseret News. He explored this case in his 2024 book “The Venture Alchemists: How Big Tech Turned Profits into Power.” Prop 22, which largely overturned AB 5, ultimately passed. One of the campaign tactics for Prop 22 was sending push notifications to voters' phones, saying their Uber ride would cost more if Prop 22 didn't pass. “That actually changed peo Show less Read more
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