“Uber’s margins fattened as competitors fell by the wayside and the company ground down costs.”
Those “costs” are driver wages. Uber’s shifted billions from drivers to corporate coffers and that will now fund a big share buyback and potentially a divided.
https://www.ft.com/content/7a333873-b860-4139-82db-4517eb7ddcd2
#tech #uber #gigeconomy #workers #labor
Paris Marx /
npub1vd…rsqd5
2024-02-12 02:15:47
Author Public Key
npub1vdktkw0qzdd8hwvtedvg8ttzvymtasrua7eh82c4ehzy4s2aryvs9rsqd5Published at
2024-02-12 02:15:47Event JSON
{
"id": "e838b2a92660901c2c1a0bc6f060e636fb582c8d48da4c2b29da513045a1d3e1",
"pubkey": "636cbb39e0135a7bb98bcb5883ad626136bec07cefb373ab15cdc44ac15d1919",
"created_at": 1707704147,
"kind": 1,
"tags": [
[
"t",
"tech"
],
[
"t",
"uber"
],
[
"t",
"gigeconomy"
],
[
"t",
"workers"
],
[
"t",
"labor"
],
[
"proxy",
"https://mastodon.online/users/parismarx/statuses/111916099011701968",
"activitypub"
]
],
"content": "“Uber’s margins fattened as competitors fell by the wayside and the company ground down costs.”\n\nThose “costs” are driver wages. Uber’s shifted billions from drivers to corporate coffers and that will now fund a big share buyback and potentially a divided.\n\nhttps://www.ft.com/content/7a333873-b860-4139-82db-4517eb7ddcd2\n\n#tech #uber #gigeconomy #workers #labor",
"sig": "9a918ad434391956bef0d8dad8deb5b29bb3bde36d7c2433ea16d26144863509c3abe03540e4fa6f285ffa2800a64b6e9dca960d48a91443cec3eb6bd6c5c415"
}