Uber Technologies Inc. (UBER) has shown a quite disappointing performance after its IPO so far. Notably, that is despite the initial price having been lowered already. The stock could reclaim some lost ground following news that the U.S. National Labor Relations Board's general counsel takes the position that participants in the gig economy (such as Uber drivers) are legally contractors, not workers, thus federal protections do not apply to them. Nonetheless the shares still trade a good deal below the IPO price.
As readers might remember I am of the opinion, that successful