Uber IPO Archives - Market Mad House

Uber Drivers are now Employees in the UK, IPO Predicted

Her Majesty’s government just reclassified Uber drivers from contractors to employees, The Guardian reported. The Employment Appeal Tribunal rejected Uber’s argument that drivers are not employees because they do not work fixed work schedules.

This upends Uber’s business model because it would require the company to provide all the generous benefits, employees are entitled to under British law. That includes union representation and the high taxes that support Britain’s welfare state. Uber has been leaching off the UK’s welfare state because its’ drivers enjoy benefits like free healthcare from the National Health without paying for them.

Market Insanity

daniel September 1, 2015February 17, 2016 Can Uber Make Money?, Costco, Disruptive Technology, Does Uber make money in New York?, Does Uber Make Money?, F, Ford, Ford stock, How much money does Uber Make?, Is Uber a good investment, Is Uber a Niche Player?, Mr. Market, Mr. Money Mustache, New YOrk Uber, Uber and Ford Partnership, Uber in New York, Uber IPO, Uber Makes Money, Uber Public Offering, Value Investing

Some Actual Proof Uber Makes Money

One strong possibility is that Uber will never get more than a 5% market share because it offers a rather specialized service that only appeals to certain individuals. Another is that Uber has a much harder time competing with traditional cab companies than we have been told.

Market Insanity

daniel August 27, 2015 Uber Business Model, Uber Could Owe Drivers Tens of Millions of Dollars, Uber Driver declared employee, Uber in Florida, Uber IPO, Uber is a Rip Off, Uber is a Scam, Uber Rips Off Drives, Uber Rips Off Public, Uber sleeze, Uber Stock, Uber Sucks, Uber’s Business Model Is Not Sustainable, Uber’s Credibility Gap

Making a Driver an Employee Could Cost Uber Thousands a Year

It looks as if Uber’s business model is not sustainable in the United States. If drivers get declared employees, Uber will have to shut down in the United States.

Market Insanity

daniel May 26, 2015March 11, 2016 Avis, GOOG, GOOGL, Google, Google Car, Hertz, HTZ, Networked Transportation Companies, Ride Sharing, Uber, Uber Discriminates, Uber IPO, Uber Lawsuit, Uber Sucks

Uber and Lyft Drivers Accused of Abusing Disabled Passengers

An Austin, Texas, resident named Demetrious Kourniaris was left standing out in the sun in temperatures of over 100 degrees because Uber drivers refused to transport him and his guide dog on two separate occasions. To add insult to injury, Uber charged Kourniaris cancellation fees on both occasions.

Market Insanity

daniel November 12, 2014March 6, 2016 Avis Budget, GOOG, Google, Google Shopping Express, IPO, Uber, Uber IPO, What Uber Is Not Telling You, Zipcar

Uber Seeks another $1 to 2 Billion

Uber might have pulled out of Eugene to avoid a repeat of the disaster that occurred in Nevada. The Nevada Transportation Authority impounded at least 15 Uber drivers’ cars between October 23 and October 30, The Reno Gazette Journal reported. The Authority seized the vehicles because it and the state’s attorney general believe Uber violates the state’s taxi cab regulations. Nevada Attorney General Catherine Cortez Masto asked for a restraining order to keep the service out. District Court Judge James Russell ruled that Uber is legal, which foreshadows a nasty court battle for the service’s future in the Silver State.