Reprinted from The Washington Post by and on November 4, 2020.
The Washington Post projected early Wednesday the measure would pass. The result means the gig companies defeated legislation to make drivers employees after running a record-spending $200 million campaign to deny workers employment. Shares of Uber and Lyft surged as the stock market opened, jumping at least 15 and 18 percent, respectively, as it became clear the companies’ fears about the costs and business impacts of a potential employment model would not be realized. …
