https://wccftech.com/uber-shares-morgan-stanley/

Ridesharing application Uber Technologies, Inc (NYSE:UBER) had a bad day in court yesterday after it failed to successfully oppose California's part-time worker law yesterday. The law tightens requirements around the classification of workers as part-time employees, and in turn stands to raise operating costs for Uber and other companies such as Lyft, Postmates and Door Dash.

The Los Angeles District Court's decision makes matters difficult for a company that has not been shy of controversies in its short history. Affairs over at Uber, however, stabilized early this year, with the company's stock exhibiting successive daily gains last month, as it gained 29% between December 31st (following Travis Kalanick's departure) and January 21st.