Previous close | 7.10 |
Open | 7.10 |
Bid | 6.75 |
Ask | 6.90 |
Strike | 72.50 |
Expiry date | 2024-12-20 |
Day's range | 6.86 - 7.10 |
Contract range | N/A |
Volume | |
Open interest | 925 |
(Reuters) -A U.S. appeals court on Monday rejected a bid by Uber and subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors who are typically less expensive. An 11-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco upheld a lower court ruling that said Uber failed to show that the 2020 state law known as AB5 unfairly singled out app-based transportation companies while exempting other industries. The appeals court in its ruling said “there are plausible reasons for treating transportation and delivery referral companies differently from other types of referral companies.”
After the taxi drivers’ direct action, it turned out not all city residents support them
LYFT anticipates gross bookings compound annual growth rate of almost 15% between 2024 and 2027.