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Stock impact report

Gig-economy giants ask California to save them from a ruling that may turn their contractors into employees [Los Angeles Times (CA)]

Block, Inc. Class A, (SQ) 
Last block, inc. class a, earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: squareup.com/about/investors
Gig-economy giants ask California to save them from a ruling that may turn their contractors into employees Leading gig-economy companies including Uber and Lyft are quietly lobbying California’s top Democrats to override or undermine a court ruling that could turn many of their contract workers into employees. In April, the California Supreme Court issued a far-reaching ruling that could make it much harder for companies to claim their workforces of independent contractors are not full-fledged employees under the state’s wage laws. In the months since, business leaders have been pleading their case to state officials including members of Gov. Jerry Brown’s Cabinet, Brown’s presumed successor Gavin Newsom, and members of the state Legislature. The business leaders are pushing to blunt the ruling’s impact, either through legislation or through executive action by the governor — moves that would reverberate across the national debate over the rights and roles of workers in the modern gi Show less Read more
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