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Stock impact report

What AB 5 and COVID-19 Mean for the Gig Economy and These Businesses

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: PR Web
TAMPA BAY, Fla. (PRWEB) April 06, 2020 Approximately 57 million U.S. workers--a third of the country's total workforce¬--are employed in what's known as the "gig economy" as independent contractors rather than traditional W-2 employees, according to studies by Small Business Labs and Gallup.(1) Monica Eaton-Cardone, an entrepreneur and global fintech executive specializing in risk management and fraud prevention, says that fintech companies are rapidly developing "instant access" payment solutions tailored to these workers and the companies that employ them.(2) Considering the waves of uncertainty and panic that COVID-19 continues to flood the economy with, she cautions the payments industry to maintain awareness of security and contract performance issues as they traverse this new labor landscape. Within the payment industry, some are also voicing concerns about the impact that Assembly Bill 5 will have on gig workers.Assembly Bill 5 Builds Doubt for Instant IssuanceOne source of am Show less Read more
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