Home » News » George Soros’ $52 Million Investment in Uber Draws Controversy: Donations to Taxi Associations Raise Eyebrows

George Soros’ $52 Million Investment in Uber Draws Controversy: Donations to Taxi Associations Raise Eyebrows

George Soros He is a billionaire investor and businessman, American born in Hungary, who, among other businesses, has also invested in the multinational Uber and previously in Lyft. George Soros’ position in Uber Technologies is currently worth $52 million. This represents 1.85% of his stock portfolio (the 14th largest holding). The first trade of Uber Technologies was made in the first quarter of 2021. Since then, George Soros bought shares seven times more and sold shares four times. The stake cost the investor $21.3 million, bringing him a 144% profit so far. https://stockcircle.com/portfolio/george-soros/uber/transactions. Until 3 months ago, Soros also had shares in Uber’s competitor, Lyft. The first transaction of George Soros Lyft-Cls A Common Stock, was done in the first quarter of 2019. Since then, George Soros bought shares twice more and sold shares three times. The investor sold all his remaining ones, in the fourth quarter of 2023, 3 months ago, and currently has none, focusing his efforts on Uber. https://stockcircle.com/portfolio/george-soros/lyft/transactionsi

The foundation Open Society Foundations It was founded by George Soros, and is his weapon to subvert states. It has branches in 37 countries. One of them is the Foundation for the Promotion of the Open Society Initiative for Europe (OSIFE) in Catalonia. As they define themselves on their website, they financially support civil society groups in order to promote justice, education, public health and independent media, through large financial subsidies.

SOROS DONATE $275,000 TO A NEW YORK TAXI ASSOCIATION

Two of those generous donations from his foundation went to the New York Taxi Workers Alliance”an association that in 2020 received 200.000 American dollars and in 2021 75.000$. It is at least “curious” that an investor with a large capital invested in Uber and also in Lyft At that time, I made donations of this caliber to a Taxi Drivers association that is supposed to be totally against their investments. The New York Taxi Workers Alliance, founded in 1998, is about a 25,000-member strong union of yellow cab, green cab, app, non-app and black corporate car drivers, as they define themselves on their website.

The association that asked for and got the New York Taxi to now work for Uber: As the Wall Street Journal (WSJ) reported, this is the first in a series of deals and alliances that Uber has been planning amid a crisis in its driver supply. Besides, Uber openly says its goal is to have “all the taxis in the world” on its app.

New York Taxi Workers Allianceissued in 2022 a statement to offer his opinion regarding the agreement signed by the New York Taxi Drivers and Uber, where he stated that “it is NECESSARY for both the companies in this industry and the drivers.”

NYTWA has gone much further and not only requested the integration of the New York Taxi within Uber, but currently all drivers of the Uber and Lyft platforms (where Soro had shares in both), are integrated within the same association and have even staged strikes exclusively for them where the taxi drivers themselves were not included. In March 2023, Bhairavi Desai, director of the New York Taxi Workers Alliancecelebrated:

“Today, after three successful strikes, we can celebrate knowing that we took back a raise that belonged to the drivers and we did it by reminding businesses that drivers are organized and can beat them.”

Soros also subsidized an association of Ghanaian Taxi Drivers and they also embraced Uber

Miss Taxi Ghana is an association of transporters in Ghana conflrmed by women Taxi Drivers and women truck drivers, which received 4 grants from Soros: One of 24.500 American dollars in 2018, and 3 in 2019: one of 125.000$, another of 10.200$ and one more of 12.980$. Esenam Nyador, spokesperson for Miss Taxi Ghana, made these statements to the digital newspaper “Medium”:

Well, here’s what I think about Uber: I think Uber coming to Ghana would be a great thing. I hear all the stories about them. In London they call them heroes, in India they are the devil” – Esenam Nyador

The fact that a man with an immense amount of shares in Uber invests money in those who are supposed to seek his ban are two completely contradictory acts. But seeing that after this approach these same associations end up embracing the benefits of Uber’s savage capitalism, everything begins to make sense… A murky, hypocritical and traitorous sense, with meaning for the investor and the end.

2024-04-12 03:40:00
#Soros #subsidize #York #Taxi #executives #work #Uber #Diario16plus #Diario16plus

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