California is about to rewrite the rules of the gig economy

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by fairygame1028

On Aug. 30, the state’s Senate Appropriations Committee cleared Assembly Bill 5, moving it a crucial step closer to becoming state law. It is now widely expected the bill, known as AB5, will pass a full Senate vote before the legislative session ends Sept. 13 and be signed by governor Gavin Newsom. The bill would likely force many gig companies to reclassify their independent contractors as employees, pulling the very foundation of the gig economy out from under it.

Well posted this and gained zero traction in /r/stocks wondering if I can get some better input here. I don’t feel like Uber Lyft and Grubhub stock priced in this being legislated into law yet.

How exposed are gig companies to AB5?


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