Gig Economy

Side hustles aren't just for TikTok teens anymore. Four in 10 retired Americans now fear their nest egg won't carry them through a longer, costlier old age, and many are copying Gen Z's gig-economy playbook to plug the gap, according to a new study. What Happened: A new D.A. Davidson survey reveals...

The future of ride-share drivers for Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) in Massachusetts is uncertain as the state’s supreme court is set to hear arguments on their employment classification. What Happened: The court will determine whether drivers for these...

The U.S. Department of Labor announced a final rule on Tuesday, aimed at redefining the criteria for classifying workers as employees or independent contractors. The newly issued regulation, set to take effect on March 11, focused on the economic dependence of workers on companies to determine...

Rideshare drivers celebrated while Uber and Lyft castigated the California judiciary last week after Alameda County Superior Court Judge Frank Roesch declared the controversial Proposition 22, which exempted rideshare companies from classifying drivers as employees, unconstitutional. Efforts to...

Gig work is defined as anything that falls outside the traditional space of a standard shift workplace, but how has it changed in the past year due to the pandemic? On this episode of At Your Doorstep, Kaylee Nix looks at the way workers have shifted expectations and how employees are...

A banking app with 10 million customers announced a SPAC deal Monday. The SPAC Deal: Dave announced a SPAC deal with VPC impact Acquisition Holdings III (NYSE: VPCC), valuing the former at a pro forma equity value of $4 billion. A PIPE of $210 million was led by Tiger Global Management, Wellington...

In the last few weeks, there have been surveys that suggest that rideshare drivers and other independent contractors would rather have full-time employment – except for those who don't. The employment status of these workers has been much debated and will continue to serve as the centerpiece of...

Gig workers and third-party sellers on e-commerce platforms such as Etsy, Inc. (NASDAQ: ETSY), Walmart Marketplace (NYSE: WMT) and even Amazon (NASDAQ: AMZN) could find themselves with tax issues in 2022 thanks to a change in Internal Revenue Service tax codes contained within the American Rescue...

Proposition 22 goes into effect this week in California. To cover the worker benefits under the state law, ride-hailing and delivery aggregators like Uber Technologies Inc (NYSE: UBER) and DoorDash Inc (NYSE: DASH) are hiking prices or introducing fees in California, ...

The Securities and Exchange Commission announced a new proposal on Tuesday, which could allow companies like Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT), and DoorDash to compensate gig economy workers in equity. What Happened:...

California has voted in favor of Proposition 22, a ballot measure that exempts ride-hailing companies like Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) from classifying drivers as employees, reports the Wall Street Journal. What Happened: The...

In a setback for ride-hailing companies Uber Technologies Inc (NASDAQ: UBER) and LYFT Inc (NASDAQ: LYFT), a California appeals court ruled on Thursday that the companies must comply with August's injunction order requiring them to reclassify the drivers as their employees,...

Amazon.com Inc (NASDAQ: AMZN) is planning to expand its "Flex" driver program, according to a Bloomberg report Monday. What Happened: Flex drivers are categorized as independent contractors with the e-commerce company and are responsible for handling deliveries using their...

California Attorney General Xavier Becerra will request a preliminary injunction on Thursday to change the status of Uber Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) drivers to employees. What Happened California passed a law in January, which makes it harder for companies offering...

In a complaint filed before a California court, Chesa Boudin, District Attorney for San Francisco, alleged DoorDash was in violation of the state law, which forbids companies from classifying employees as independent contractors. What Happened A California law that requires firms to label gig-...