Uber

A WILD RIDE
While Travis Kalanick resigned in June 2017, the seeds of his undoing were planted before that tumultuous year.
CORPORATIONS VS THE PEOPLE
On Wednesday, Uber and Lyft released a new petition against Assembly Bill 5, the California bill about to be debated in the Senate that, if passed, would almost certainly result in gig economy workers being designated as employees in the state rather than independent contractors.
AN UGLY TURN

Since it began operations in 2010, Uber has grown to the point where it now collects over $45 billion in gross passenger revenue. But the widespread belief that it is a highly innovative and successful company has no basis in economic reality.

THE GREAT DIVIDE IN THE GIG ECONOMY

If drivers are legally determined to be employees, it would throw Uber’s entire business model into question by giving drivers, among other rights, the ability to collectively bargain for pay and working conditions.

THOUGHTS AND PRAYERS

The figures nevertheless cement Uber, alongside Alibaba and Facebook, as one of the most valuable tech IPOs in history, and a major beacon for breaking ground in a new area of tech, transportation.

Load More Stories