Opinion: Gig-work stocks are in a bear market, and the cloud is unlikely to lift soon

marketwatch2021-05-14

Gig-work stocks have had a terrible month, and the regulatory clouds that worry investors are not going away anytime soon.DoorDash Inc. managed to buck the trend Thursday,surprising investors with ...

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精彩评论

BBBBBBBBBB
2021-05-14
BBBBBBBBBB
Like and comment ya
- ASH21:
  comment
- HUATkueh:
  Ok
goodjo
2021-05-14
goodjo
nice
- goodjo:
  cool
- clementboey回复goodjo:
  ooo
Investingboy
2021-05-14
Investingboy
I see
TradeXedarT
2021-05-14
TradeXedarT
Ok
- S16:
  Ok
MFME
2021-05-14
MFME
Watch n wait... with the covid situation around the world... these might rally again...

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Last week,investors also got a glimpse of how much treating workers as employees is going to cost,when Uber said that it had reserved $600 million as a result of a judgment in the United Kingdomto pay claims of back wagesdue to British drivers in a case, including a minimum wage, holiday pay and potentially pension contributions.The employee-classification question eventually came up on DoorDash’s call, when an analyst asked the executives for their reaction to Walsh’s comments, which included the news that the labor secretary would be speaking with the gig companies’ top executives.“So we’re very excited about what we heard Secretary Walsh and the Biden administration say, which to our ears was that they’re very excited in figuring out with us, with the private-sector companies, how to actually construct a model that takes us into the 21st century,” DoorDash Chief Executive Tony Xu said, adding that the No. 1 thing the company hears from its workers is that “they want this flexibility that has never existed in any labor environment before.”Xu then reminded the analysts that the Labor Department has not taken any actions yet, and has indicated its interest in working with all the gig-economy companies.A lot has yet to happen between these companies and the new administration, but it’s clear that there is going to be more regulation against Big Tech in the next year. The tough stance against Apple Inc. ,Facebook Inc.FB,+0.90%,Alphabet’s Google and Amazon will probably filter down to these companies as well, even the smaller ones like DoorDash.It’s a big issue that will hang over all of the gig-work companies, no matter their financial performance in the meantime. 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