Why Uber and Lyft Stocks Just Popped 10% (and More)

Vote counting continues across America on the day after Election Day 2020, but in California at least, one big question has already been answered: By a vote of 58.4% for, 41.6% against (and 72% of ballots counted according to The Associated Press), Proposition 22 has passed.

Uber Technologies (NYSE: UBER) stock is up 12.4% at 10:10 a.m. EST because of it. And Lyft (NASDAQ: LYFT) stock is up 11.3%.

Image source: Getty Images.

Source Fool.com