Last-minute California ruling means Uber and Lyft won't shut down today:
A California judge has granted Uber and Lyft an emergency reprieve from an order requiring them to treat their drivers as employees. The companies were facing a Thursday deadline to comply with the order. Earlier today, Lyft announced that it would be forced to shut down in the state at midnight tonight.
[...] Uber had warned that it was likely to do the same if the courts didn't delay enforcement of the law.
[...] The judge's emergency stay means that Lyft and Uber will be able to keep operating under their current model while they continue litigating whether the new law applies to them.
Previously:
California Judge Rules Uber and Lyft to Immediately Classify Drivers as Employees
(Score: 5, Informative) by c0lo on Friday August 21 2020, @12:27PM (1 child)
See also: https://soylentnews.org/submit.pl?op=viewsub&subid=42889title=What+Happens+If+Uber+and+Lyft+Flee+California%3F+Look+at+Austin [soylentnews.org]
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 5, Insightful) by helel on Friday August 21 2020, @02:39PM
tl;dr - Local companies willing to follow the law sprang up and drivers made more money. Law got reverted, Uber and Lyft returned to the market with deeply discounted prices to strangle the local competition, law-abiding companies went out of business and the duopoly raised rates back to the usual while once again paying drivers a pittance.