Saudi Arabia becomes Uber's biggest investor, and the rideshare company introduces a controversial leasing program.
Uber’s ceaseless public-relations problems continue to mount by the week.
Last week, the rideshare giant landed a $3.5 billion investment from Saudi Arabia, making the oppressive monarchy, with its long history of human rights violations and its laws prohibiting women from driving, the company’s largest investor. In New York City, a group representing 5,000 Uber drivers filed a lawsuit charging that the company misclassifies its drivers as a way to avoid wage and hour laws and other labor law protections—just the latest in a string of similar suits. And as Uber struggles to find enough drivers with cars to meet increased demand, the company struck a deal with automakers and Wall Street investors to launch a vehicle-leasing program that some experts have likened to predatory lending. Read more