Tech

Uber, Lyft stocks plunge after Biden official says drivers are employees

Enlarge (credit: lechatnoir / Getty) Stock in Uber is down more than 6 percent after President Joe Biden’s new labor secretary, Marty Walsh, told Reuters that drivers are employees under US labor law. Stock in Lyft, whose business is more concentrated in the United States, is down 11 percent. DoorDash, which heavily uses contract workers […]