Previous close | 65.74 |
Open | 66.10 |
Bid | 64.37 x 1200 |
Ask | 64.39 x 800 |
Day's range | 64.18 - 66.25 |
52-week range | 40.09 - 82.14 |
Volume | |
Avg. volume | 17,774,664 |
Market cap | 134.565B |
Beta (5Y monthly) | 1.36 |
PE ratio (TTM) | 102.22 |
EPS (TTM) | 0.63 |
Earnings date | 08 May 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 86.32 |
The California Supreme Court on Thursday upheld a ballot measure that allows app-based companies like Uber and Lyft to classify drivers as independent contractors. The court ruled that the state's 2020 Proposition 22 is constitutional. The ballot measure allows companies such as Uber, Lyft and DoorDash to classify their employees as independent contractors.
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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.