This time the big investors (mainly Amazon) and the founder of Deliveroo have actually admitted their intention to sell before they list this stock.
Oh and that 'generous' £50m stock allocation they are offering the public [0] before the majority investors all sell, combined with a heavily loss making company AND the historic employee classification that the supreme court ruled against Uber [1] recently in the UK?
Cocktail for a blindingly obvious scam in broad daylight, and they know it. Just look at how $DASH turned out.
This is an easy no buy even when the scam has been admitted to the public and retail investors.
that "historic" event isn't what many people think it is.
1. there is a difference between worker and employee in the UK. they're not the same thing!
2. the UK Gov is fixing this whole situation by establishing a no-rights employment under IR35. as such, deliveroo and uber workers will not be entitled to employment rights, pensions, etc.
> the historic employee classification that the supreme court ruled against Uber
When IR35 changes come to life in April, this will not be relevant, as Uber and others can just issue in-scope contracts to workers and bypass employment laws altogether, legally.
Could somebody explain this? It looks to me that IR35 is changing against "disguised employment" specifically to get more income tax by declaring more people to be employees.
Oh and that 'generous' £50m stock allocation they are offering the public [0] before the majority investors all sell, combined with a heavily loss making company AND the historic employee classification that the supreme court ruled against Uber [1] recently in the UK?
Cocktail for a blindingly obvious scam in broad daylight, and they know it. Just look at how $DASH turned out.
This is an easy no buy even when the scam has been admitted to the public and retail investors.
Take heed this advice.
[0] https://www.altfi.com/article/7672_deliveroo-ipo-kicks-off-w...
[1] https://www.bbc.co.uk/news/business-56123668