Tag: US news

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Uber: US labor board calls drivers contractors in blow to labor rights

Uber drivers are not subject to traditional labor protections because they are independent contractors, the National Labor Relations Board said in an opinion published on Thursday.


January 5, 2022 0

Uber workers told to ignore ‘pessimistic voices’ as shares slide

The chief executive of Uber has urged employees to ignore “pessimistic voices” after shares in the company slumped again on their second day of trading since Friday’s disappointing stock market debut.


January 5, 2022 0

Video shows police dog severely mauls Uber driver who missed car payments

Newly released video footage appears to show California police officers using a law enforcement dog to severely maul an Uber driver, who fell behind on payments for the car he rented to do his job. San Ramon police stopped Ali Badr, a 42-year-old Egyptian immigrant, in December 2020 after a rental company reported his vehicle…
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January 5, 2022 0

Uber valued at $82.4bn as it prices IPO at $45 per share

Uber is seeking a valuation of $82.4bn, less than the $100bn it was hoping for, but still making it one of the largest IPOs of all time, and one of the most hotly anticipated stock market listings in the tech world since Facebook made its Wall Street debut seven years ago.


January 4, 2022 0

Loss-making Uber does not look like a business worth $90bn

Good luck to those Uber workers protesting about wages and working conditions. They picked their moment to coincide with this week’s IPO in New York, in which the company is set to be priced at $90bn (£70bn) or thereabouts, and they chose well. You do not have to be a bleeding heart liberal to think…
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January 4, 2022 0

Uber drivers strike over pay and conditions

Uber drivers have gone on strike in the UK, US and other countries including Brazil and Australia to demand better pay and conditions ahead of the ride-hailing app’s stock market debut. Thousands protested against what one UK trade union labelled “poverty pay” ahead of Friday’s flotation, which will crystalise multi-million and multi-billion dollar fortunes for…
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January 4, 2022 0

The Uber drivers forced to sleep in parking lots to make a decent living

Every Saturday morning before the sun rises, 35-year-old Uber driver Sultan Arifi rolls up the sleeping bag in the front seat of his car, places it in the trunk, and prepares for another day of work. He will spend the next 12 hours picking up as many passengers as he can on the streets of…
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January 3, 2022 0

Uber aims for stock market debut value of up to $90bn

Uber is poised to unveil the terms of its stock market flotation, with the ride-hailing service targeting a valuation of $80bn to $90bn (£62bn-£70bn) – substantially less than bankers had suggested the business could be worth but still the highest valuation for a US tech company since Facebook floated in 2012.


January 1, 2022 0