Uber and Lyft shares are trading lower after the California Supreme Court agreed to hear an appeal to Prop 22.
Portfolio Pulse from Benzinga Newsdesk
Uber and Lyft shares are trading lower after the California Supreme Court agreed to hear an appeal to Prop 22.
June 29, 2023 | 3:55 pm
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NEGATIVE IMPACT
Lyft shares are trading lower after the California Supreme Court agreed to hear an appeal to Prop 22.
The decision of the California Supreme Court to hear an appeal to Prop 22, which could potentially impact the status of Lyft drivers, has led to a decrease in Lyft's share price. The uncertainty surrounding the outcome of the appeal is likely causing investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Uber shares are trading lower after the California Supreme Court agreed to hear an appeal to Prop 22.
The decision of the California Supreme Court to hear an appeal to Prop 22, which could potentially impact the status of Uber drivers, has led to a decrease in Uber's share price. The uncertainty surrounding the outcome of the appeal is likely causing investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100