Uber

Taiwan Blocks Uber’s Acquisition of Foodpanda Over Competition Concerns

Dec 26, 2024

Taiwan’s Fair Trade Commission (FTC) has blocked Uber Technologies’ $950 million acquisition of Delivery Hero’s Foodpanda operations on the island, citing anti-competitive concerns. The FTC announced the decision on Wednesday, highlighting that the merger would negatively impact market competition. Concerns Over Market Dominance The FTC explained that UberEats currently faces significant competition from Foodpanda in…
SCOTUS Denies Uber, Lyft Bid to Avoid California Driver Suits

Oct 11, 2024

The Supreme Court declined to hear Uber and Lyft’s challenge against lawsuits filed by the state of California. The state argues that the companies owe money to drivers misclassified as independent contractors instead of employees. The justices rejected the appeals following a California state appeals court ruling that allowed the Democratic-led attorney general and labor…

Taiwan Blocks Uber’s Acquisition of Foodpanda Over Competition Concerns