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
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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
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UBER
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UBER
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- 12/19/24 - Form 4
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