This Uber Scam Adds Insult to Injury for Investors After $1 Billion Loss

2019-5-31 03:15

By CCN: As expected, Uber’s earning report delivered a quarterly loss of $1 billion. Management must be working out how to dupe drivers into generating more revenue for the ridesharing play as traders pile on to short the stock.

Uber Doesn’t Care About Its Drivers Uber has never been kind to its workforce. Rideshare effectively strips the equity out of a driver’s vehicle by accelerating its depreciation with enhanced use while Uber trumpets that it allows people to monetize their wheels. The ridesharing company promised pie-in-the-sky annual earnings and set up drivers with ripoff automobile financing. Uber has pulled out

The post This Uber Scam Adds Insult to Injury for Investors After $1 Billion Loss appeared first on CCN

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On Radical Markets

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.

2018-7-21 04:03