Uber and Lyft shutdown in California averted as judge grants emergency stay
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A California state judge blocked an order requiring Uber and Lyft to classify drivers as employees, averting an expected shutdown of the ride-sharing services in California at the 11th hour, according to reporters from the Financial Times and The New York Times. The court granted Uber and Lyft a temporary stay while the appeals process play out.
Lyft had already announced it was planning to temporarily cease operations in the state earlier today, and Uber CEO Dara Khosrowshahi had said the same about his company in an interview yesterday.
Uber and Lyft are under enormous pressure to fundamentally alter their business models in California, the state where both companies were founded and raised billions of dollars in venture capital....
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