Seattle becomes first in U.S. to protect gig workers from sudden 'deactivation'

Re:Seattle becomes first in U.S. to protect gig workers from... by imgabe on Wednesday August 09, 2023 @10:30PM (#37071217)

Uber had a profitable quarter. They are still $30 billion in the red over the lifetime of the company.

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Re:Seattle becomes first in U.S. to protect gig workers from... by sokoloff on Wednesday August 09, 2023 @10:36PM (#37071243)

Indeed. A net income of $394M doesn't even pay the imputed interest charge on $30B of aggregate losses.

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Re:Seattle becomes first in U.S. to protect gig workers from... by ambrood on Wednesday August 09, 2023 @10:50PM (#37071349)

you realise that much of it is stock grants right?

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Re:Seattle becomes first in U.S. to protect gig workers from... by ambrood on Wednesday August 09, 2023 @10:53PM (#37071369)

Again much of that is how the accounting for stock grants goes (most of it in company’s history) and not say, actual PNL incurred in incentives.

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