Uber & Lyft’s Threats To Suspend Services In California

This evening Uber again threatened to suspend services in California at midnight on Thursday, August 20. Gig Workers Rising, a community of app and platform workers organizing for better wages, working conditions and jobs, shared this statement:

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q2 2020 hedge fund letters, conferences and more

Uber And Lyft Threaten To Suspend Services In California

"Uber and Lyft’s heinous threats to kill driver jobs and leave California are nothing short of extortion. Multi-millionaire CEOs are choosing to lay-off thousands of workers across California in the middle of a pandemic because they don’t want to pay them living wages or give them access to lifesaving benefits. People need to know that nothing Uber does is about protecting drivers or riders - it’s only about protecting their bottom line.

Michael Mauboussin: Here’s what active managers can do

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkThe debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More


Uber is going to try to lay the blame for this possible suspension on anybody and everybody but themselves. However, they’ve had over a year to obey the law. Like petulant babies, instead of doing so, they're trying to extort their workers and the people of California. The companies are using this shutdown to force their way and scare Californians into voting yes on Prop 22, their corrupt & undemocratic ballot measure. We will not let this shutdown sway us, Uber and Lyft have the resources and legal requirement to grant all their workers employee status and benefits. We demand that the companies correctly classify their workers as employees and drop their Prop 22 ballot initiative.” —Shona Clarkson, organizer with Gig Workers Rising.

Gig Workers Rising and allies will host a protest outside Uber HQ in San Francisco on Thursday at 12PM. We’ll share more information about the action tomorrow.