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Uber Defends Business Model at UK Tribunal on Worker Rights
The potential for Uber to lose its license to operate in London over workers' rights could have a significant impact on Uber's stock, its IPO and funds that invest or plan to invest in it:
But it also raises questions about that euphemism "shared economy," which really means avoiding paying workers decent wages and benefits. While that may be celebrated here, other countries clearly will not put up with it. I wonder ultimately how well that IPO will go. Of course, the company is already mired in numerous other internal troubles:
