DoorDash Prepares for Blockbuster IPO
On the menu today: DoorDash’s $32 billion IPO, GM’s ill-fated deal with Nikola, Ajit Pai’s resignation, and student-loan mismanagement.
Uber
Uber, Lyft Escape California’s Crackdown — but Law Will Continue to Devastate Gig Economy
While it’s nice that industries with deep pockets were able to win carve-outs via ballot measure, the devastating effects of AB5 persist for thousands of others.
Californians Pass Prop 22, Exempting Uber, Lyft from Classifying Drivers as Employees
Shares of Uber spiked 11 percent, and Lyft shares rose 13 percent Wednesday morning after the results of the vote came in.
Uber, Lyft Drivers Worry Defeat of California’s Prop 22 Would Cost Them Their Side Gigs
“It upsets me that someone is trying to control what I can and cannot do,” one driver told National Review.
Court Ruling Could Kill Uber and Lyft in California
A California appeals court ruling caps a crusade against ride-sharing apps in the state.
The Capital Letter: Week of August 17
Coronavirus relief, aluminum tariffs, California taxes, and more.
App Shrugged: Will Uber Go Galt in California?
At this point, it’s still a game of chicken between the state and the company.
Socialism and the Corporation: A Love-Hate Relationship
The Left abhors traditional corporations but does everything in its power to keep them alive.
Four Cheers for Capitalism in a Time of COVID
So many of our institutions failed us during the pandemic. Free enterprise isn’t one of them.
Perhaps It Was Essential to Somebody before All This
In 2013, Dallas tried to outlaw Uber. This week, Dallas declared Uber an “essential service.”