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UBER TECHNOLOGIES, INC.

(UBER)
  Report
Delayed Nyse  -  04:00:02 2023-03-21 pm EDT
32.86 USD   +2.91%
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Uber's challenge to Calif. contractor law revived by U.S. appeals court

03/17/2023 | 12:27pm EDT
Logo of Uber is seen at a temporary showroom during the World Economic Forum in Davos

(Reuters) - A U.S. appeals court on Friday revived a lawsuit by Uber Technologies Inc and subsidiary Postmates Inc claiming a California law that makes it more difficult for them to save money by treating workers as independent contractors is unconstitutional.

In a major win for the gig economy, which heavily relies on contractors, the 9th U.S. Circuit Court of Appeals said the state must face claims that the law improperly singles out "gig economy" companies while exempting other industries.

(Reporting by Daniel Wiessner in Albany, New York)


ę Reuters 2023
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Analyst Recommendations on UBER TECHNOLOGIES, INC.
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Financials (USD)
Sales 2023 36 939 M - -
Net income 2023 -265 M - -
Net Debt 2023 3 160 M - -
P/E ratio 2023 -411x
Yield 2023 -
Capitalization 66 046 M 66 046 M -
EV / Sales 2023 1,87x
EV / Sales 2024 1,49x
Nbr of Employees 32 800
Free-Float 98,9%
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Mean consensus BUY
Number of Analysts 45
Last Close Price 32,86 $
Average target price 48,02 $
Spread / Average Target 46,1%
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Managers and Directors
Dara Khosrowshahi Chief Executive Officer & Director
Nelson J. Chai Chief Financial Officer
Ronald D. Sugar Chairman
Sundeep Jain Chief Product Officer & Senior VP-Engineering
Latha Maripuri Chief Information Security Officer
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