California's Gig Economy Payback: Uber, Lyft, DoorDash to Reimburse Unpaid Vehicle Expenses
Portfolio Pulse from Anusuya Lahiri
Uber, Lyft, and DoorDash will reimburse California gig workers for unpaid vehicle expenses between 2022-2023 due to a provision in Proposition 22. The companies are making back payments to avoid potential class-action lawsuits.
June 02, 2023 | 4:35 pm
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NEGATIVE IMPACT
DoorDash is reimbursing California gig workers for unpaid vehicle expenses between 2022-2023 under Proposition 22, potentially impacting its financials.
DoorDash is directly affected by the reimbursement of unpaid vehicle expenses under Proposition 22. This could lead to increased expenses and impact the company's financials in the short term, potentially causing a negative effect on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lyft is reimbursing California gig workers for unpaid vehicle expenses between 2022-2023 under Proposition 22, potentially impacting its financials.
Lyft is directly affected by the reimbursement of unpaid vehicle expenses under Proposition 22. This could lead to increased expenses and impact the company's financials in the short term, potentially causing a negative effect on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Uber is reimbursing California gig workers for unpaid vehicle expenses between 2022-2023 under Proposition 22, potentially impacting its financials.
Uber is directly affected by the reimbursement of unpaid vehicle expenses under Proposition 22. This could lead to increased expenses and impact the company's financials in the short term, potentially causing a negative effect on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100