shares of companies that utilize gig workers fell on tuesday after the us labor department said it would revisit rules that determine whether workers are classified as employees or independent contractors any labor department determination could affect millions of gig and contract workers in many industries including healthcare restaurants and ridesharing transportation shares of doordash inc and lyft inc both fell to an alltime intraday low on tuesday following the news doordashs shares reached as low as 4177 and lyfts shares fell to an intraday low of 1083 according to factset as of 230 pm et doordash shares were down 51 to 4527 and lyft shares dropped 12 to 1131 for the year doordash shares were 70 lower and lyft shares were 74 lower the labor departments rule proposal would rely on a multifactor economic reality test to determine whether a worker is truly in business by themselves and whether they control aspects of their employment this includes whether the workers perform managerial duties how they are supervised and whether they are able to set prices shares of uber technologies inc another rideshare company fell 88 to 2512 shares were down 40 for the year