Uber is dependent on fulltime drivers but can't afford to pay them like employee
businessinsider.com
businessinsider.com
Sounds like all the courts deciding that Uber's drivers should be classified as employees got it right then.
they'll become taxi company (without obtaining medallion)
Frankly, they could afford to raise their prices. They, through their apps, offer an improved experience compared to traditional taxis. It doesn’t need to be cheaper than them as well. I’d pay more happily.