Saturday, September 7, 2024

An investigation details the lack of enforcement of CA's Prop 22 about four years after the ballot initiative, backed by gig economy companies, became state law (Levi Sumagaysay/CalMatters)

Levi Sumagaysay / CalMatters:
An investigation details the lack of enforcement of CA's Prop 22 about four years after the ballot initiative, backed by gig economy companies, became state law  —  Prop. 22 promised improved pay and benefits for California gig workers.  But when companies fail to deliver, the state isn't doing much to help push back.



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...