Previous close | 12.61 |
Open | 12.40 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 95.00 |
Expiry date | 2026-12-18 |
Day's range | 12.40 - 12.63 |
Contract range | N/A |
Volume | |
Open interest | 549 |
Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees entitled to benefits and wage protections. The state's top court is set to hear arguments on Monday over whether to let dueling ballot measures go before voters in November that would redefine the relationship between app-based drivers and companies like Uber, Lyft, Instacart and DoorDash whose businesses help fuel the gig worker economy. An industry-backed proposal would treat app-based drivers for these companies as independent contractors entitled to some new benefits but would make clear they are not employees.
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Uber Technologies, Inc (NYSE:UBER) is being sued for millions by over 10,500 London black-cab drivers, claiming the company unlawfully secured a license in 2012, which led to their business loss. The lawsuit, organized by RGL Management and estimated at roughly $312.90 million (250 million Sterling Pounds) in damages, accuses Uber of siphoning business away from local drivers. Over 10,500 black-cab drivers allege that Uber improperly acquired a license from Transport for London (TfL) in 2012, wh