Why Is Everyone Talking About Uber Stock?

Last November, Uber (NYSE: UBER) scored a victory with the passage of Proposition 22, a California ballot measure that exempted the company and other ride-hailing and delivery platforms from AB5, a state law requiring drivers to be classified as full-time employees.

Uber, Lyft, DoorDash, and other gig economy companies poured $200 million into the ballot initiative to exempt their drivers from AB5 -- which would have provided them with a minimum wage, overtime pay, workers' compensation, and the ability to unionize.

Image source: Uber.

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Source Fool.com