Uber may be forced to hike prices by 40% if EU gig work rules passed - report [Seeking Alpha]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Seeking Alpha
as 40% and even shut down in "hundreds" of cities, according to the Financial Times. "If Brussels forces Uber ( UBER ) to reclassify drivers and couriers across the EU, we could expect to see a 50%-70% reduction in work opportunities," Anabel Díaz, regional general manager of Uber's ( UBER ) mobility business in Europe, told FT in an interview. Díaz also warned that if gig drivers are given the same rights as full-time workers, Uber ( UBER ) will be forced to hike prices for customers. In addition, fewer drivers will lead to "significantly longer wait times." "To manage costs of employment, Uber ( UBER ) would be forced to consolidate hours across fewer workers," she warned However, Díaz doesn't expect the rules to impact the ride-hailing company's profitability in Europe. "We have already proven our ability to grow in places like Germany and Spain using a third-party employment model." Uber ( UBER ) contracts fleet management companies in Germany, because of which prices ar
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UBER
News
- Colorado DUI enforcement period continues through New Year's Day [CBS News]CBS News
- Uber and Lyft Partner With Baidu (BIDU) to Launch Driverless Taxi Trials in the UK [Yahoo! Finance]Yahoo! Finance
- How Dubai Robotaxis And New AV Partnerships At Uber Technologies (UBER) Have Changed Its Investment Story [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Buy Uber Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- Uber: Way Too Cheap [Seeking Alpha]Seeking Alpha
UBER
Earnings
- 11/4/25 - Beat
UBER
Sec Filings
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- UBER's page on the SEC website