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Such a sale would also have to be reported to the SEC, which hasn’t happened.
Third, a quick Google search turns up a potential explanation for this claim a story from a satire news site asserting the same thing.
Empire News posted a story in 2015 saying the retail giant had been sold to “Chine Investment Group” for $535 billion, roughly the same number cited in this Facebook post. Of course, that group and all the stories on that site are fictional, though the Facebook comments attached below the Empire News story many of them recent show plenty of people taking the report seriously.
Gig drivers in California file lawsuit to repeal Prop 22 ballot measure
It’ll be an uphill battle, but the organizers are determined to be classified as employees 01/13/2021
Photo (c) Andrei Stanescu - Getty ImagesHere we go again. Lyft and Uber drivers in California have filed a lawsuit to try to overturn Prop 22, a ballot measure passed in November that allowed ride-hailing companies to avoid classifying drivers as employees.
Under the new law, benefits given to drivers for ride-sharing companies would be less than those afforded to real “employees.” Opponents say it also strips the state legislature’s ability to empower workers to organize a union and “illegally” cuts ride-hailing drivers from California’s state workers’ compensation program.