Shares in Uber (UBER) edged lower on Friday after its food delivery platform Uber Eats agreed to pay $3,150,000 to compensate 48,000 of its delivery workers.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The New York Department of Consumer and Worker Protection (DCWP) announced the plan on Friday, noting that its investigation found that Uber Eats failed to pay these workers the minimum pay rate between December 2023 and September 2024 for time spent on trips that were ultimately canceled. The food delivery company will also pay $350,000 in civil penalties and fees, DCWP said.