Federal gig worker proposal tanks Uber, Lyft and DoorDash stocks

The stock prices of Uber, Lyft and DoorDash slid on Tuesday after the Department of Labor announced proposed changes to how workers should be classified. The prospective guidance is intended to “combat employee misclassification,” the federal agency said.
Investors swiftly drove Uber’s share price down by more than 10% to $24.61, while Lyft’s tanked more than 12% to $11.22 and DoorDash’s slid more than 5% to $44.98 at the time of writing.
Crucially, the change could make it easier for contractors to gain full employment status if they are “economically dependent

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