Business

Uber, Lyft shares fall as US proposes rules for Gig workers


Shares of

Uber Technologies


Lyft

and

DoorDash

Trading fell sharply on Tuesday after the US Department of Labor make a rule proposal that could force companies to classify their drivers as employees instead of contractors.

If implemented, that rule would potentially significantly increase labor costs for food delivery and car-sharing companies, as well as for other employers that rely heavily on contract labor. copper. Interested parties have 45 days to comment on the proposal.

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