I'm far more comfortable investing in TSLA than IBM. IBM has had a great run and made major contributions to computing over the past 50 years. But now it is a sham company that tricks executives into buying buzzword bingo services. When enough people get burnt by their lack of results their reputation will take a turn and they will have a downward spiral. Orcl will buy them within the next 10 years.
From an analysis I saw, AB-5 is expected to cost them around $500m per year. Even though prop-22 would still be more expensive than their pre-AB5 costs, that's a pretty good ROI if they succeed.
Thanks for mentioning this, a tweet that said Uber spending so much on campaigning/lobbying shows that they can pay drivers went viral and drove me a little nuts with the clear lack of thinking involved.
Notice that in my comment I said "invest in figuring out" and not "pay drivers with." personally I doubt that it would cost a half billion dollars - that's farcical even at California scale. But the point Id raise is it costs less than 180 million to reorganize and set up insurance coverage for your drivers, payroll, and other internal infrastructure to comply with the law.
But complying with the law is antithetical to Uber's culture, so it's not surprising that the thought of obeying the law never crossed their minds.
Lucid Motors | Newark, CA: Luxury EV.
You will work with some of the most talented people in your industry. This will be fast paced and focused on delivery.
Delivery only restaurant space. They provide the Kitchen and associated accessories, You (The chef) cook and use delivery platforms to make money. It could work, real estate costs are huge for restaurants.
