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| Topic | Taxi drivers to get good news in California? Uber, Lyft about to call quits |
| HiddenRoar 08/13/20 1:23:09 AM #29: | Unnecessary posted... Aye, great time to lose jobs. Then again, I bet the industry is tanking p hard atm Ride shares are down compared to the same time last year. Uber Eats (and other food delivery spin-offs) are probably doing great though. In its earnings call with investors this month, Uber said its core business of picking and dropping people off has fallen nearly 75%. Uber is now making more money delivering food than it is from ride-hailing. Still, its revenue remains down 30% from the same period last year. berlyman101 posted... they'll probably be fine The consequence is that other States see this and do the same, if the companies stay despite the change. So them leaving, and the resulting aftereffects, would seek to make other states think twice about implementing such policy. They would lose the California market, but they would still benefit from the other 49 states keeping with the current model of employee classification. ... Copied to Clipboard! |
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