Previous close | 10.16 |
Open | 10.50 |
Bid | 8.80 |
Ask | 9.05 |
Strike | 62.50 |
Expiry date | 2025-01-17 |
Day's range | 9.01 - 10.50 |
Contract range | N/A |
Volume | |
Open interest | 1.47k |
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The California Supreme Court ruled Thursday that app-based ride-hailing and delivery services like Uber and Lyft can continue treating their drivers as independent contractors rather than employees. The unanimous decision by the state's top court is a big win for tech giants. It also ends a yearslong legal battle between labor unions and tech companies over a law dictating the status of app-based service workers in the state.
California’s top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber and Lyft to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits.