trending Market Intelligence /marketintelligence/en/news-insights/trending/vtHzmU5ZvmWG3cxWReq96w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Uber updates app in California as state enacts gig work bill

US fintech funding on pace to end year higher than 2019

How US Transportation Credit Quality is Affected by COVID-19

How US Transportation Credit Quality is Affected by COVID-19

COVID-19: Assessing The Credit Risk Impact On Small- And Medium-Enterprises (SMEs)

Uber updates app in California as state enacts gig work bill

Uber Technologies Inc. said Jan. 8 that it has made changes to its mobile ride-hailing platform in California, effective today, to adhere to a new state law that requires gig economy companies to categorize workers as employees.

Under the new law, previously dubbed Assembly Bill 5, Uber and other gig-economy companies like Lyft Inc. and food-delivery service DoorDash Inc. are no longer allowed to classify their workers as independent contractors.

San Francisco-based Uber said that as part of the changes to its app, drivers in California will now see estimated earnings and trip destinations prior to accepting a booking. It also said that the service fee that drivers are charged per trip will no longer exceed 25%, except for premium services like UberXL, Comfort, SUV and Lux trips.

In addition, trips with surge will now be calculated as multiples of the trip fare instead of fixed dollar amounts. Drivers can also now see the exact amount they will earn for every completed pickup on Uber Pool trips.

In participating cities where Quest promotions are available, Uber said drivers can pay a lower service fee for trips they take after they complete a certain number of Quest rides. The ride-hailing company said it is also replacing its Consecutive Trips promotion with a new campaign called Boost, which gives drivers a chance to lower their service fee by completing trips in certain locations during busy times of day.

Boost, unlike Consecutive Trips, will not have a minimum trip requirement, Uber said. It added that it plans to roll out similar features in its food delivery service Uber Eats.

Uber first announced changes to its app in California in December 2019.

The company, along with Lyft and DoorDash, has pledged $90 million to contest the new gig work law with a ballot measure this year. Uber and Postmates Inc. have also sued the state of California over the bill.