In national news:

A California Labor Commission ruling last week which determined that an Uber driver was an employee and not an independent contractor may not affect the company’s valuation as much as previously thought. Though the ruling has been lauded as a significant blow to the flexible, contractor-based business model of “sharing economy” companies, a Reuters report indicates that Uber’s current $40 billion valuation is unlikely to change now that it is an established company – in other words, it will affect operations in real terms, but not value to investors.

Read the full analysis from Reuters here.

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