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An Evaluation Of How The Proposed Gig Worker Reclassification Will Impact Uber

May 03, 2021 11:02 AM ETUber Technologies, Inc. (UBER)9 Comments


  • Labor Secretary Marty Walsh told Reuters last week that he supports classifying gig workers as employees.
  • To understand why the government is pushing for changes, you need not look beyond Labor Secretary's recent comments.
  • If the proposed changes go through, Uber will be hit hard.
  • In this article, I will present a few reasons why the U.S. government is likely to reach some middle ground with Uber and other gig economy companies.
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Uber logo inscriptioned on a white painted car. Uber car in traffic.
Photo by Cristi Croitoru/iStock Editorial via Getty Images

Uber Technologies (NYSE:UBER) shares declined 6% on April 29 as Reuters reported Labor Secretary Marty Walsh supports the reclassification of gig workers as employees. Uber is fresh out of a legal battle in the United Kingdom where the Supreme

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This article was written by

Dilantha De Silva profile picture
Leader of Beat Billions
Uncover the untapped potential of small-cap stocks
I am Dilantha De Silva, an investment analyst with 8+ years in the investment management industry. Before becoming an independent publisher, I worked as a buy-side analyst in a leading boutique wealth management firm in Dubai where I dedicated my time to identifying U.S. small-cap stocks for the funds managed by the firm. I am the founder of Beat Billions, a premium Investing Group on Seeking Alpha focused on identifying alpha-generating thinly followed stocks in the market. I am a CFA Level III candidate and an Associate Member of the Chartered Institute for Securities and Investment (UK).

Analyst’s Disclosure: I am/we are long UBER. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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