Khadija Saeed

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors. Follow Khadija Saeed on Google News.

Uber stock price drops after NYC orders $3.5 million Uber Eats payout, robotaxi deals stay in focus

Uber stock price drops after NYC orders $3.5 million Uber Eats payout, robotaxi deals stay in focus

Shares of Uber Technologies, Inc. dropped 2.2% to $79.88 on Friday after New York City announced that its Uber Eats unit agreed to pay roughly $3.5 million in restitution and penalties related to delivery worker pay.According to Mayor Zohran Mamdani’s office, Uber Eats will shell out $3.15 million in restitution to over 48,000 workers, plus $350,000 in civil penalties and fees. The company will also reinstate up to 10,000 workers who were wrongfully deactivated.The city’s probe, spanning December 2023 through September 2024, prompted a minimum pay rate increase to $22.13 starting April 1.
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AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Taiwan Semiconductor

NYSE: TSM 96 / 100
#2 BUY

AerCap

NYSE: AER 95 / 100
#3 BUY ON PULLBACK

Constellation Energy

NASDAQ: CEG 93 / 100
#4 BUY

Walt Disney

NYSE: DIS 90 / 100
#5 ACCUMULATE

American International Group

NYSE: AIG 87 / 100
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Editorial model selection. Not personalised advice.