Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companies

to call attention to low pay and other issues, according to the 10 groups organizing the demonstrations.or their status as independent contractors as opposed to full-fledged employees with benefits like paid time off or sick leave.

Uber's take rate increased to 21.7% in 2018 from 20.5% the prior year, the company disclosed in IPO filings. Lyft's, by comparison, was 26% in 2018 "Drivers classified as employees would be a challenge to Uber's operations in those markets where they are classified as such," Ives continued. "A determination in, or settlement of, any legal proceeding, whether we are party to such legal proceeding or not, that classifies a driver of a ridesharing platform as an employee, could harm our business, financial condition and results of operations.

still trying to figure out how much an uber driver actually earns per hour after expenses

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM beats on earnings as Lyft investment pays off and pickups drive profitsGM reported a higher-than-expected quarterly profit, driven mostly by highly lucrative pickup truck sales.
Source: BusinessInsider - 🏆 729. / 51 Read more »