Is Uber a transportation service?

|About: Uber (UBER)|By:, SA News Editor

A major blow in Europe? An advisor to the European Court of Justice has recommended UBER be classified as a transportation company and subject to local laws governing them, instead of a technology firm.

The decision is non-binding, but the court tends to follow the advisory.

This "would not change the way we are regulated in most EU countries as that is already the situation today," said an Uber spokeswoman.

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