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Uber Stock Approaches Record High

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On Friday, Uber's stock price surged as much as 8%. The leap follows its third-quarter results. According to Business Insider Uber revealed a mixed recovery, with delivery continuing to help make up for a pandemic-induced slump. Executives said they still aim to be profitable on an adjusted basis next year. California's Prop. 22, which passed this week, was a decisive win for the company in its long-running labor battle. Prop. 22 allows Uber to treat workers as independent contractor in exchange for benefits and guarantees.

Added on the 06/11/2020 14:54:29 - Copyright : Wochit

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