Uber stock drops 4% as French driver-status dispute returns ahead of earnings
Uber shares fell 4.1% to $77.49 by early afternoon Tuesday after a Reuters report said French agency Urssaf is seeking $1.4 billion in social-security payments and penalties over driver classification. Investors are awaiting Uber’s fourth-quarter results Wednesday, with concerns over margins and legal costs. Lyft and DoorDash also dropped about 4%.