Down 29%, here’s why Uber’s staffing gambit won’t make its stock pop:
Uber Head of Driver Product Daniel Danker addresses the audience during an Uber products launch event in San Francisco, California, on September 26, 2019. - Uber on Thursday unveiled a new version of its smartphone app that weaves together servicesYou can violate the basic rules of business for a little while, but they eventually catch up with you.
This comes to mind in considering Uber’s latest effort to diversify – by supplying staffing services to companies that need temps. Sadly for Uber investors, it looks like a desperate move that won’t solve its growth problem.Uber – whose stock has lost 29% of its value since going public in May 2019 – just launched its entry into the job-finding app business.
And if that’s not bad enough, the regulatory environment is moving away from allowing Uber to treat drivers as independent contractors and instead requiring Uber to employ them full-time – thus boosting its fixed costs. To wit, in September, “California passed employment legislation intended to force companies that rely on gig workers to reclassify such independent contractors as employees,” noted the Journal.I will give Uber credit for targeting a large industry.
On first blush, it is hard to see how Uber Works – which generates revenue by charging businesses a fee after a position has been successfully filled – will carve out a significant niche. Uber must first overcome two obstacles: its app does not specialize by job type, industry or geography and its business model could attract regulatory scrutiny.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
LAX to end curbside pickup by Uber and LyftFrequent fliers, beware. Starting Oct. 29, travelers looking to hop on an Uber or Lyft will be taken by shuttle to a parking lot next to Terminal 1, where they can book their rides. Drop-offs at terminals will still be allowed.
Weiterlesen »
Here's what it's like to fly in an Uber helicopter - CNN VideoNeed to get to the airport fast? Uber now offers Uber Copter, a helicopter service from downtown Manhattan to JFK airport in just 8 minutes. CNN's Samantha Kelly flew aboard to see if it's worth the price.
Weiterlesen »
Everything You Wanted to Know About Taking an Uber CopterOne Vogue writer tests out Uber's new high-flying feature.
Weiterlesen »
LAX ban on taxi, Uber and Lyft curbside pickups irks passengers: 'It's inconvenient'Travelers looking for a taxi, Uber or Lyft from LAX will have to take a shuttle or walk to a parking lot next to Terminal 1 to book their rides.
Weiterlesen »
Uber makes JFK airport helicopter taxi available to all usersUber is now allowing New York City users to book helicopter flights to John F. Kennedy International airport through its app. The company says flights to and from Lower Manhattan will become available to all Uber users on Oct. 7, 2019. Uber made the feature available to its premium members in June. The eight-minute flight costs between $200 and $225 per person and include ground transportation on either side of the trip. Uber's prices roughly compare to those of competitors.
Weiterlesen »
Andy Dick Charged in Separate Uber Case Days After Body SlamAndy Dick has been charged in a separate Uber case just days after he was body slammed in an Uber Eats delivery dispute.
Weiterlesen »