Earlier quoted context omitted.
> I find the article's headline misleading. I see Uber stock is up 6% pre-market. That suggests to me investors thinks Uber's liabilities are reduced as a result of this ruling.
The fight over contractor status was versus regular employee status, which would require providing benefits. So, market rejoice, these driver folks are on their own. Editorializing a bit, but CA referendums are so silly. I was asked to vote to resolve an employee/employer dispute in kidney dialysis centers. There's so many of those types of things.
Money wins, and the unions could spend more but they don't in this case.