Uber Technologies sued New York City to block enforcement of a new law it says would unconstitutionally force it to keep drivers it does not want on its platform. The case centers on platform control and local regulation of gig-economy labor practices. The news is mildly negative for Uber due to added legal and compliance risk, but the immediate market impact is likely limited.
Uber Technologies sued New York City to block enforcement of a new law it says would unconstitutionally force it to keep drivers it does not want on its platform. The case centers on platform control and local regulation of gig-economy labor practices. The news is mildly negative for Uber due to added legal and compliance risk, but the immediate market impact is likely limited.
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mildly negative
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-0.15
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