Uber expands driver-led pricing to all of California [MSNBC.com]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: MSNBC.com
OAKLAND, Calif. — Uber on Thursday said it would let drivers across the state of California set their own rates as a function of the company’s price “multiplier” — used in Uber’s so-called “surge” pricing. The move builds on a pricing experiment that began in January in Sacramento, Santa Barbara and Palm Springs.Previously, drivers had no ability to set their own rates, which was one of the primary critiques of proponents ofAB5The law attempts to ensure that so-called gig economy workers are considered employees rather than independent contractors. Under state labor law, employees are eligible for consideration benefits, including workers’ compensation, unemployment, unionization rights and more. Numerous companies including Uber save millions annually by avoiding such financial costs.In a response to emailed questions, Uber spokesman Matthew Wing did not deny that the company’s expansion of pricing flexibility is in response to AB5.“The reality is the overwhelming majority of drivers
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UBER
Earnings
- 2/7/24 - Beat
UBER
Sec Filings
- 4/19/24 - Form PX14A6G
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- UBER's page on the SEC website