|
|
Uber’s second-quarter results showed a net loss of to $5.2 billion up from $878 million the year before.
On the back of the news in August, its shares plummeted and have remained between $28 and $35 a share – way below the $45 analysts thought the stock would reach following its IPO in May.
So, given this financial performance, it was surprising to hear that the ridesharing company will now launch a variety of financial products to support its network of four million drivers across the globe.
Trust
Would you trust Uber with your money? More specifically, would Uber drivers and Uber Eats couriers – workers who have notoriously been side-lined by the company, classified as contractors and unable to access benefits as normal employees – trust their loss-making employer with their money?
Yes, the company is engaged in conversations about drivers’ rights.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
