Uber Vs. London – The Courtroom Battle The World Is Watching [Forbes]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Forbes
Uber CEO Dara KhosrowshahiGetty Images for FortuneUber, the mobile ride-hailing giant responsible globally for over 1.9 billion “trips” a year is facing a summer showdown in two London courts as scrutiny mounts over licensing issues and the drivers’ classification as “workers.” Both cases have huge ramifications for Uber and could set a precedent for so-called “gig economy” workers around the world.With decisions expected in September, the two Uber drivers at the heart of the 5-year long battle for representation and basic rights have toldForbesUber now faces making significant changes to its business model in the U.K. If the court rules against Uber, they will be expected to pay minimum wage and grant holiday time to drivers. However, that sum is likely to pale in comparison to the 20% VAT and 13.2% national insurance contributions Uber will have to pay to the British taxman if the court does agree that Uber is a “transportation provider.”The Good Law projectA black cab driver waves
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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