https://www.cbsnews.com/news/ab5-bill-passes-california-approves-ab5-bill-that-will-turn-uber-lyft-gig-workers-into-employees/ Shorting Uber big time what's everyone's thoughts?? Is this is the tip of the iceberg??
if CA wants to pay more for rides, more power to’em
Don't you think other states will follow CA and Uber has a big uphill from here.
Maybe Uber should shut down their service in CA for a day. They’ll change their tune very quickly.
why u short it? up ~3% today
Shorting via options not ditext short also betting Medium contract not short term 😃
u hurtin even more then...
People who think CEOs should get paid similarly to workers are delusional
This. The organization and management of labor is worth significantly more than the labor itself almost always.
In sports, players are usually paid more than managers, coaches and CEOs. Although their careers are much shorter
Surrender yet another industry to the Chinese.
? didi is coming here?
Huh? Service is fairly immune to outsourcing
Uber will have another run of lay-off in the near future, and Lyft will has her first lay-off soon.
Did you just assume our gender?
Yes, cause you all be britches! Sorry it had to be downs.
This is good for uber and will send the stock higher. Do you know what short means? Short means you think the value will decline.
Yepi do understand shorting. Why do you think stock price will go up??Uber has to put them under payroll and offers perks and paid holidays. This is added expense + drivers will be restricted to 40 hours per week( overtime at 1.5 unless they want to be sued for overworking their full time employees more than 5/40 hours without added compensation) restricted hours = restricted availability of Ubers .Also as a consumer I'll have to pay more so I'll prefer public transportation where it is available ( my mind set again others could be way different )
It’s a moat for them. Basically means there will be no new competition. Prices will go up a little but nobody else will ever try to get in.
If you want to short do it with Lyft, Uber has a huge market and California is a small piece of it that is if this bill would have an impact on Uber rather than the riders in terms of $ for rides
Don’t you think that’s already priced in?
I think it is more than priced in right now. Both Uber and Lyft have been trashed by the market so much so lately that this is not a factor anymore. But what do I know I am just a SWE and not a IB
Too much on the left. This is not American way.
True, the American way is to profit off of slavery
How to balance? Become socialism?
Where similar laws implemented the following happened: more expensive service, lower quality and considerable increase of unemployment of the population who needs the most. The idiots that approved this intend to create government dependency to keep getting votes. Dems thrive on the tragedy that is poverty, and to continue thriving, they propagate it. Bunch of f*cking parasites...
Dems have just become self perpetuating zombies with no viable ideas
this but unironically
Curious what happens to all the TVCs that google/etc have who are basically just under payed coders..
Nothing as they are all employees of the contracting companies
Lol