Uber Loses Major Lawsuit, What Happens Next

Global rideshare giant Uber will pay 272 million Australian dollars ($178 million) to settle a long-running dispute with Australian taxi and hire car drivers who lost out when the company entered the Australian market. A class action against Uber had been expected to go to trial in the Supreme Court of Victoria on Monday, but Maurice Blackburn Lawyers — representing 8,000 taxi and hire car drivers — said the case will be dropped because Uber agreed to the financial settlement.