Thursday, June 18, 2015

California ruling challenges Uber business model

California ruling challenges Uber business model: "NEW YORK — In a ruling that raises questions about sky-rocketing valuations for Uber and Lyft, California's Labor Commission has ruled that a driver who filed a complaint against Uber Technologies was an employee, not an independent contractor.

The ruling could significantly increase costs for the $40 billion ride-hailing startup if it is copied by other states and in other cases."



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