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Shares of both the companies fell more than 7% in early trading as the new order strikes at the heart of the "gig economy" business model of technology platforms like Uber, Postmates, Lyft, DoorDash and others. The new law, which took effect on Jan. 1, makes it tougher for companies to classify workers as contractors rather than employees, a classification that exempts them from paying for overtime, healthcare and workers' compensation. The California Public Utilities Commission (CPUC) said dr
Continue reading Uber, Lyft drivers are employees, says California regulator
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Uber, Lyft drivers are employees, says California regulator
