Uber stock price drops after NYC orders $3.5 million Uber Eats payout, robotaxi deals stay in focus
New York, January 30, 2026, 13:05 EST — Regular session
Shares of Uber Technologies, Inc. (UBER.N) dropped 2.2% to $79.88 on Friday after New York City announced that its Uber Eats unit agreed to pay roughly $3.5 million in restitution and penalties related to delivery worker pay.
According to Mayor Zohran Mamdani’s office, Uber Eats will shell out $3.15 million in restitution to over 48,000 workers, plus $350,000 in civil penalties and fees. The company will also reinstate up to 10,000 workers who were wrongfully deactivated.
The city’s probe, spanning December 2023 through September 2024, prompted a minimum pay rate increase to $22.13 starting April 1. (NYC Government)
Uber’s payout may be modest, but it hits a…
