New Jersey Hit Uber With A $650 Million Tax Bill For Misclassifying Workers: Is This The Start Of A War Against Gig-Economy Companies? [Forbes]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
Check Earnings Report
Company Research
Source: Forbes
New Jersey Hit Uber With A $650 Million Tax Bill For Misclassifying Workers: Is This The Start Of A War Against Gig-Economy Companies? New Jersey’s Department of Labor and Workforce Development has hit Uber with a massive $650 million bill. The state contends that the ride-hailing company misclassified its drivers as independent contractors, instead of employees. The labor department asserts that Uber financially benefited by its misplaced characterization of its drivers and now demands that the company pay its fair share of unpaid employment taxes. The monies owed are broken down by $523 million in overdue taxes and $119 million in interest and penalties since 2015. Uber officials, however, dispute these findings. "We are challenging this preliminary but incorrect determination," Uber spokeswoman Alix Anfang told Bloomberg Law. The rapid emergence of the gig-economy and related job market has substantially altered the way people work. Individuals who need extra money, can’t seem to f
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
- UrbanGeekz Inks Groundbreaking Content Syndication Deal with Black-Owned Ridesharing App Moovn [Yahoo! Finance]Yahoo! Finance
- Tesla has autonomous ride-hailing service in pipeline: what to know [Yahoo! Finance]Yahoo! Finance
- Uber Stock Is Up a Phenomenal 120% in 1 Year: But Is Now the Time to Buy? [Yahoo! Finance]Yahoo! Finance
- Want To Save $1K a Month? Use These 6 Cheap Car Alternatives [Yahoo! Finance]Yahoo! Finance
- Tesla's robotaxi plans pressure rideshare stocks Uber, Lyft [Yahoo! Finance]Yahoo! Finance
UBER
Earnings
- 2/7/24 - Beat
UBER
Sec Filings
- 4/23/24 - Form DEFA14A
- 4/19/24 - Form PX14A6G
- 4/18/24 - Form 4
- UBER's page on the SEC website