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>"What we've collected from drivers isn't enough and we want more from Uber.." Or its fundamentally correct under the law and Uber has misclassified its driver
by throwaway_tech 7y ago
>"What we've collected from drivers isn't enough and we want more from Uber.."
Or its fundamentally correct under the law and Uber has misclassified its drivers as independent contracts whereas they should properly be classified as employees.
After all Uber did disclose this was significant risk in their S-1, and further that such a reclassification could be an existential threat to the business.
It sounds conspiratorial, but now that they have gone public (and investors have cashed out and dumped the bag) the money that was roadblocking these moves by government (note the article makes it clear NJ has been pursuing these taxes for 4 years) has dried up and governments will begin to act. Its no surprise to anyone in the know, just follow the money (in this case the shorts)
- throwaway35784 7y agoI wonder how many pre-IPO investors are making money on the way down with those shorts. The "sharing economy" is a scam of epic proportions.