Uber, DoorDash, and Lyft rally $90 Million To Combat California Law

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Andrew Wagner

Uber and Lyft released the details of their $90 million dollar plan to keep drivers as independent contractors.

Uber and Lyft have raised $90 million to take on a major law that was signed by California's governor last month and could drastically affect companies like Uber, DoorDash, and Lyft, according to Business Insider.

DoorDash, Postmates, Instacart, Uber, and Lyft are the current opposition to the law, and more are expected to join. The group held a press conference on Tuesday in Sacramento where they announced their plan pushing for legislation that they hope ends up on the ballot in November 2020.

"Driving allows me to put my education first," Jermaine Brown, a driver and college student, said at the press conference. "Not only do drivers get to keep our flexible schedules, but we also get new benefits like healthcare and more earnings potential. I'm a stay at home dad. I do things with my kids during the day and drive in the evening. Being able to have that flexibility and being able to drive how I want to drive really helps me and my family."

The architects of the law say that it does not require employers to make schedules set in stone. "This is yet another example of corporations and billionaires trying to exempt themselves from the democratic process by using wealth and fear tactics," Gig Workers Rising, which supported the bill, said in a press release.

Uber, Lyft, and DoorDash have all pledged $30 million individually in their fight against the California legislature.

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Economics, Finance and Investing