Worker Or Independent Contractor? Uber Settles Driver Claims Before Disappointing IPO [Forbes]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
Check Earnings Report
Company Research
Source: Forbes
Worker Or Independent Contractor? Uber Settles Driver Claims Before Disappointing IPO Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) on Friday, May 10, 2019. Photographer: Michael Nagle/Bloomberg © 2019 Bloomberg Finance LP After arguing for years that its drivers were not employees, the ride-share company Uber announced last week that it had settled with tens of thousands of drivers who claimed that they had been misclassified as independent contractors. The timing of the announcement wasn’t coincidental, coming just one day before Uber's initial public offering (IPO) on the New York Stock Exchange. In a document filed with the U.S. Securities and Exchange Commission Previously, the company had warned in its Preliminary Prospectus that the misclassification of workers was a risk issue, claiming: “Our business would be adversely affected if Drivers were c
Show less
Read more
Impact Snapshot
Event Time:
UBER
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UBER alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UBER alerts
High impacting Uber Technologies, Inc. news events
Weekly update
A roundup of the hottest topics
UBER
News
- Uber Said to Be in Talks to Invest in US IPO of China's Pony AI [Yahoo! Finance Canada]Yahoo! Finance Canada
- Here's what 5 CEOs learned by becoming undercover bosses [Business Insider]Business Insider
- Uber Said to Be in Talks to Invest in US IPO of China's Pony AI [Yahoo! Finance Canada]Yahoo! Finance Canada
- Uber Said to Be in Talks to Invest in US IPO of China's Pony AI [Yahoo! Finance]Yahoo! Finance
- LAX's long-awaited People Mover begins testing phase with train cars finally running on tracks [CBS News]CBS News
UBER
Earnings
- 10/31/24 - Beat
UBER
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- UBER's page on the SEC website