Uber and DoorDash to Raise Prices to Pay for Prop 22 Perks
Uber Technologies (NYSE: UBER) and DoorDash (NYSE: DASH) are raising prices in California to pay for new driver benefits. The benefits will replace requirements that gig economy companies reclassify their drivers as employees, the result of a voter referendum earlier this year.
The ride-sharing company said the cost of getting a ride could rise anywhere from $0.30 to $1.50 depending upon the city, while food delivery costs could rise between $1 and $2 per order. DoorDash said its deliveries would cost a small percentage more, but Instacart and Lyft (NASDAQ: LYFT) have yet to commit to raising prices.
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Source Fool.com
