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Monday, November 9, 2020 by Robinhood Snacks |

Saved by the ballot... Gig driving companies scored big after California voters passed Prop 22, exempting them from CA's AB5 law. Uber and Lyft stock soared more than 30% for the week, since they won't have to reclassify drivers as employees (think: healthcare, PTO). Also exempted: DoorDash, Postmates, and Instacart. AB5 would've made hiring drivers more expensive, making these chronically unprofitable apps lose even more money.

Drunk ordered a couch... from the couch. Millennial furniture favorite Wayfair just proved that the pandemic "House Hype" is still strong. Quarterly sales shot up 67%, and Wayfair even made a comfy profit (after losing ~$300M during the same three months last year). It's using techy data to find out what's most popular, then crank out 10,000 versions of it. The stock popped 21% for the week, and has more than 3X'd this year.