[threepio]

I’m disappointed that Prop 22 passed.

I also think it will not end up mattering much because the unit economics of the rideshare companies are so bad.

If they had gone along with AB5, they would’ve had cover to say to their investors “we need to make some expensive changes but it’s not our fault.”

As it stands, they’re still going to be hemorrhaging money, but now the question will be “you literally wrote your own law and you STILL can’t turn a profit?”

Most of all, it sets a very bad precedent in terms of signaling to other rich companies that amending Calif law to suit your needs is relatively easy and affordable.