CHANDAN KHANNA/AFP via Getty Images Joe Biden's presidency is likely good news for Uber and Lyft. The companies won big in California with Prop. 22, a law the President-elect was vocally opposed to. With the new gig-work model in place, companies are likely to try and replicate it in other states. Federal efforts to classify drivers or couriers as employees are likely to fall flat thanks to a divided congress, experts say. Visit Business Insider's homepage for more stories.
DoorDash, the U.S. food delivery startup backed by SoftBank Group, made public on Friday its regulatory filing for a listing on the New York Stock Exchange, setting the stage for a blockbuster IPO before the end of the year. Fred Katayama reports.
California voters have passed Prop 22, making ride-hailing drivers contractors instead of employees. Drivers can continue to dictate their own schedules and collect 120 percent of the state's minimum..
Shares of Uber (NYSE: UBER) closed the week about 9% higher to stay above the important support in the short term. The ride-hailing firm is reportedly looking to... Invezz Also reported by •Energy Daily