Discover the Ultimate Uber Bill Format for Enterprises

Uber bill format for enterprises

we're getting some breaking news right now out of uber deirdre bosa has that for us deirdre hey leslie uber ceo darva kosroshahi saying for the first time publicly that he may shut down the app entirely in california if their appeal is not accepted by the court now he made the comments on msnbc and they come after a california judge ruled earlier this week that uber had to treat its drivers as employees immediately that they have a 10-day stay now what's going on here guys may be some sort of brinkmanship rather than bringing on over a hundred thousand drivers as employees kazushay and uber may be betting that closing down the app for a while in california would turn sentiment against ab5 that is the california gig economy law that is in question here yesterday on squawk alley we spoke to california a.g who said that if you and i asked him if he thought uber would go this far and he said that any business model that relies on shortchanging workers in order to make it probably shouldn't be anywhere whether california or otherwise shares in both uber and lyft they are up on the session guys remember that these expectations the increasing regulatory pressures are well built in though if uber actually does shut down in california remember that la and san francisco are two of uber and lyft's most important markets back to you yeah deidre it's a risky gambit isn't it for a couple reasons one there's a partial shutdown at least going on so you'd imagine demand isn't that strong and then lyft isn't saying that they're going to shut down so it's not like people don't have options that's right what it could do is push more people towards lyft we've reached out to them and haven't heard back yet but i think what i've heard is the idea of just bringing on over a hundred thousand drivers as employees is just too much of a logistical nightmare remember that these companies are already bleeding money billions of dollars in uber's case a year so to spend more money the business model just wouldn't make sense um darakos rashahi i know as you know john wrote an op-ed saying that they want to find some kind of middle ground and this will be brought to voters in november under prop 22. so this story is far from over i guess the real question though the urgent question for investors is within less than 10 days does uber actually go so far as to shut down the app and in that case drivers and riders they probably both lose out you