[From article]
The June 3 ruling, which applies only in California, came to light on Tuesday after Uber appealed it in a filing in state court in San Francisco, where both the company and the driver in the case are based.
Classifying Uber drivers as employees could mean considerably higher costs for the company, including Social Security, workers’ compensation and unemployment insurance.
That in turn could affect its valuation, currently above $40 billion, and the valuation of other companies that rely on large networks of individuals to provide rides, clean houses and other services.
http://news.yahoo.com/uber-drivers-employees-not-contractors-california-labor-commission-144227418--sector.html
California pokes big hole in Uber's business model
By Sarah McBride and Dan Levine
June 17, 2015
The June 3 ruling, which applies only in California, came to light on Tuesday after Uber appealed it in a filing in state court in San Francisco, where both the company and the driver in the case are based.
Classifying Uber drivers as employees could mean considerably higher costs for the company, including Social Security, workers’ compensation and unemployment insurance.
That in turn could affect its valuation, currently above $40 billion, and the valuation of other companies that rely on large networks of individuals to provide rides, clean houses and other services.
http://news.yahoo.com/uber-drivers-employees-not-contractors-california-labor-commission-144227418--sector.html
California pokes big hole in Uber's business model
By Sarah McBride and Dan Levine
June 17, 2015
No comments:
Post a Comment