Previous close | 6.65 |
Open | 6.65 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 22.00 |
Expiry date | 2024-08-16 |
Day's range | 6.65 - 6.65 |
Contract range | N/A |
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Industry coalition backing Proposition 22 says it's cautiously optimistic the state's highest court will uphold the controversial gig worker law.
Uber Technologies, Inc (NYSE:UBER) and Lyft, Inc (NASDAQ:LYFT) drivers in Minnesota will receive higher pay starting January 1, 2025, thanks to a new law resulting from negotiations between the state and these ride-hailing giants. Governor Tim Walz, who supports the bill and will likely sign it, has agreed on rates of at least $1.28 per mile and $0.31 per minute for drivers. The rates align with a state study’s recommendations, which suggested earnings between $0.89 and $1.207 per mile and $0.48
California's Supreme Court will hear arguments on the constitutionality of Proposition 22, which classified drivers working in the gig economy as independent contractors.