The injunction has 10 days to take effect, giving the ridesharing companies time to appeal the decision.
The bill would require gig economy workers to be reclassified as employees instead of independent contractors.
“We are trying to drive profitable growth, not growth at all costs," CFO Brian Roberts says.
Both ride-sharing companies experienced staff shake-ups on Monday after disappointing market debuts.
Despite weighty challenges, positive financial signals abound for the high-profile firm, and its still relatively new management team wins strong plaudits.
The company' sees steady progress toward profitability after this year but revenue growth is expected to slow to 52% in 2019.
Drivers for Uber and Lyft will turn off their apps to protest low wages.
The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.
The conservative pricing raises "questions about investor demand for prominent but unprofitable technology companies."
Going public doesn't necessarily prepare a company for being public, investor relations expert says.
The clock is running on one of the most hotly anticipated offerings of 2019.
Lyft's offering could be a bellwether for how a number of tech unicorns including arch-rival Uber are received by investors this year.
