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All good points. But is it really better from a returns standpoint for Uber to cease California ops or was that just a ploy? If that move will make them the mos
by formercoder 6y ago
All good points. But is it really better from a returns standpoint for Uber to cease California ops or was that just a ploy? If that move will make them the most money under the new regulatory regime, no one can compel them to operate.
- dodobirdlord 6y agoI think ceasing operations was due to not having the infrastructure in place to operate legally under the new requirements. Uber is a big business and these are significant changes to how they can run their business, so they may need a long time to get things in order to operate within the new mandate.
- colejohnson66 6y agoThey had over a year to comply since the law was enacted. And even more since Dynamax was ruled on.
- dodobirdlord 6y agoThey made the changes that they thought were necessarily for their drivers to not qualify as employees under the new law. Then on short notice a court ruling determined that they hadn’t done enough and the drivers would still count as employees. That’s the “short notice” aspect.
- formercoder 6y agoIt could hurt their margins big time. They’re public now - investors want cash flow.