
Uber's super PAC could face fines over mailer for NYC Councilwoman Julie Menin
Uber's super PAC — which is spending heavily on local legislative elections this year — could face fines ranging in the thousands of dollars for failing to disclose it sent out mailers to hundreds of Manhattanites urging them to support City Councilwoman Julie Menin's reelection bid.
The pamphlet, a photo of which was provided to the Daily News by a source who received it in the mail, displays a picture of Menin next to text bubbles reading, 'Listen to parents, to teachers, to students — Julie Menin knows that's how we create great schools. Vote by June 24.'
The back of the mailer says, 'Paid for by Uber NY PAC.' But records show the PAC hadn't as of this week reported the expenditure to the city Campaign Finance Board.
Uber spokesman Josh Gold confirmed Tuesday his ride-sharing company's eponymous PAC didn't report the mailer to the Campaign Finance Board within a week of disseminating it as required by law.
Gold blamed the lapse on an 'inadvertent administrative error' and noted records confirm the PAC did disclose the mailer expenditure to the state Board of Elections, a step also required by law. Gold said Uber is working with the Campaign Finance Board to rectify the issue on that end.
'There's no intent to conceal,' Gold said.
This year, Uber is spending on candidates it hopes will oppose a Council bill that would prohibit the company from locking drivers out of its app for more than 72 hours straight without a just cause.
The issue of Uber drivers being locked out of the app has emerged since the city established a minimum wage for them that the company says puts it in a financially precarious situation as it has to pay them even when there's low rider demand.
Due to the disclosure mishap related to the Menin mailer, Uber could face a relatively hefty fine. Under city laws, PACs can face fines amounting to 31% of the total spent on any given expenditure if six days pass after the reporting deadline and they still haven't disclose it to the Campaign Finance Board. As of Tuesday, Uber had passed the six-day threshold for reporting the Menin mailer.
Meantime, the state Board of Elections records show Uber spent $25,561 on sending out the Menin mailer to hundreds of residents in her Upper East Side-based district. That means Uber could face a fine as large as $7,924, on top of any additional penalties the board could impose if Uber has been alerted to the reporting problems and not responded within one day.
The source who provided a copy of the undisclosed Menin mailer filed a complaint with the Campaign Finance Board over the issue. An email obtained by The News confirms the board in response started 'evaluating' the complaint last Friday.
A board spokesman declined to comment. Menin, who's a potential candidate for City Council speaker next year, didn't immediately return a request for comment.
In total, Uber has spent $71,122 on Menin mailers to date. Most of that spending has been reported to the Campaign Finance Board, records show.
The Uber PAC, which plans to shell out as much as $2.5 million on June 24 Council primaries, by law can't coordinate with Menin or other political candidates it's boosting with mailers, ads and other independent spending activities.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Gang followed and stabbed Greek tourist after botched bag robbery, court hears
A gang of five people allegedly followed and stabbed a Greek tourist multiple times after a failed attempt to steal his bag, a court has heard. Antonis Antoniadis, 26, was allegedly followed and attacked on a doorstep in New Cross, south-east London, on July 7 last year. He died two weeks later from his injuries. Four men – Shian Johnson, 25, Sofian Alliche, 20, Joshua McCorquodale, 20, and Alfie Hipple, 18 – and a 17-year-old youth are charged with his murder and planning to rob his personal items. Opening their trial at the Old Bailey on Thursday, prosecutor William Emlyn Jones KC said the defendants tracked Mr Antoniadis across London before fatally stabbing him in the chest and thigh as he tried to defend himself on the ground, causing 'catastrophic blood loss'. Mr Antoniadis had come on holiday to London for a week from Greece with two friends, and they ended up at the 32 Portland Place nightclub in Marylebone in the early hours of July 7, jurors were told. The trio did not leave the venue until after 8am and had booked an Uber to get back to a friend's address in New Cross where they were staying. Mr Emlyn Jones said: 'They had no idea that five young men had been hanging around outside that nightclub all night in a stolen car, looking for someone they could rob. 'It seems that when that group of five saw Antonis come out of the club, those robbers thought they had found a suitable target. 'So when they saw him come out and get into his Uber, they, in their stolen car, followed him.' The defendants then followed the taxi for more than half an hour to its destination, the court heard. As one of Mr Antoniadis's friends struggled to find the door key upon arriving at the address, the victim 'was approached by four figures in hoods and balaclavas', with the fifth group member acting as a getaway driver, the prosecutor said. Mr Antoniadis managed to hit one of the robbers with a brandy bottle as he then struggled against the group, who appeared to want to take a bag he was carrying. 'Tragically, whether it was brave or whether it was just an instinctive response, that reaction was to cost him his life,' Mr Emlyn Jones said. At least two of the attackers were carrying large knives, the court heard. After he was punched and kicked by the attackers, Mr Antoniadis was then stabbed in the middle of the chest and suffered a large, deep stab wound to his right thigh which severed his femoral artery. He also suffered cuts and bruises to his face and head and wounds to his arms, the prosecutor said. The attackers then fled the scene in the getaway car, leaving the victim bleeding to death. There was no CCTV footage of the incident, but some or all of it was heard or seen by a number of people, the court heard. Mr Antoniadis was treated at the scene and taken to hospital where attempts were made to save his life, but he later died from his injuries on July 21 last year. Mr Emlyn Jones said: 'It is the prosecution case that the five robbers were the five young men sitting in the dock in this room, and that all five of them are jointly responsible for the murder.' The prosecutor told jurors the group were 'clearly prepared to use really serious violence' in their efforts to rob Mr Antoniadis's possessions. The car allegedly used by the robbers – a stolen Kia Sportage with false number plates – was captured on CCTV on two occasions leaving the area around the nightclub and following a different car on the night of July 7, the court heard. CCTV footage first captured the vehicle in the area of 32 Portland Place at 1.35am. Earlier in the evening, Alliche, Hipple and the 17-year-old youth, who cannot be named due to his age, were caught on CCTV at a McDonald's restaurant with two other men unconnected with the case at around 9pm before getting into the stolen Kia, jurors were told. McCorquodale left his home address to join the group at around 10.35pm, with same car seen on CCTV outside his residence. Footage played in court then showed the passengers gathering and crouching down around the rear of the car whilst parked in a small cul-de-sac in Camden. Mr Emlyn Jones said this showed the defendants removing the Kia's number plates and putting on false ones, which had come from another car of the same model. Further CCTV footage then showed one passenger being dropped off at Chalk Farm underground station at 11.15pm, before the vehicle was captured heading to Johnson's home address fifteen minutes later. The car then spent some time moving around Islington and Camden, including at a petrol station just after midnight, before making its way towards the area around the nightclub, the court heard. The prosecutor said the rough whereabouts of the defendants were backed up and matched to those of the car by mobile 'cell-site' data gathered from each of them throughout the evening. All five defendants, from Camden, north London, deny murder and conspiracy to commit robbery. The trial continues.


CBS News
19 minutes ago
- CBS News
3 gold price questions that investors should be asking now
Investors considering gold should start contemplating the answers to three primary questions right now. Getty Images/iStockphoto The price of gold has been in the news so frequently in recent months that investors may have become immune to developments. But it's important to take a step back to fully appreciate how remarkable the price surge has been just since the start of 2024. At that point, in early January, the price of the metal per ounce was $2,063.73, having recently surpassed the $2,000 price point. But now, in early June 2025, barely 18 months later, the price for that same amount of metal comfortably sits close to $3,400. That's more than a $1,300 difference or, put another way, the price of gold has risen by around 65% from where it was in early 2024. And many signs are pointing toward another price record increase, perhaps as soon as this June. Against this backdrop, prospective investors may feel leery about getting started in the market. But gold is still a valuable hedge against inflation and a portfolio diversification tool thanks to its steady value. That makes the asset timeless for many investors. So it's still generally worth investing in, even now. To do so in a cost-effective and relatively secure way, however, it helps to go into the process informed and clear-eyed. And that begins with having the answers to some important gold price questions right now. Below, we'll detail three that investors should be asking about. Start protecting your portfolio with gold before the price rises again here. 3 gold price questions that investors should be asking now Here are three timely questions that potential gold investors should be asking about the price of the metal now: Should I wait for the price to drop before investing? It can be tempting to wait for the price of gold (or any asset) to decline before investing. And there may be some small windows of opportunity to do that with gold now. But waiting too long is inherently risky. That's because the price of gold over time, not accounting for minor fluctuations, only tends to rise. Waiting for a cheap time to invest may not make sense considering that it's unlikely to materialize. Waiting also means losing out on the protections gold can provide for your portfolio, which is particularly important to have now considering stock market uncertainty. Waiting comes with risk, then, that may not be worth it if you can still afford a small, but critical, portion of gold to add to your portfolio now. Learn more about gold's price here. When will the price change again? It's impossible to know exactly when the value of any asset will change … but there are some days this June when gold's price could do just that. In particular, when the next inflation report is released or when the Federal Reserve meets again to determine monetary policy, gold's price could respond. Depending on what that report shows for inflation in May or what the central bank says about its plans for interest rates, the price of gold could rise or fall, perhaps to a significant degree. If you already know that you want to invest in gold, then, and are just looking for a smart time to do so, monitor specific dates this June for an opportunity to do just that. What's a safe amount to invest in at today's high price? You can still invest in gold even with the price elevated, either via fractional gold amounts less than an ounce or dollar-cost averaging, in which you invest small amounts of money over a routine basis. That said, you should only do so up to a maximum of 10% of your overall portfolio and, depending on your investor profile and budget, that may be even less than 10%. In other words, you'll need to determine an affordable price point while also adhering to the common advice of limiting your gold investment to permit other, income-producing assets to flourish as intended. What that means in practical terms, however, is that a gold investment today, at the elevated price, may make up less of your overall portfolio than it would have in a cooler price climate. The bottom line While these are critical questions to ask about gold's price now, they're likely not the only ones prospective investors have, especially if they're considering the precious metals market for the first time. So, start by considering the answers to these three questions now but also consider speaking to a financial advisor or gold investing company who can help answer any additional queries you have. With a thorough approach and understanding of the gold investing market now you can better improve your chances of success both through this current price surge and in the months and years ahead.
Yahoo
an hour ago
- Yahoo
Is It Too Late to Buy Uber?
Uber is now a massive, scaled, and global platform, which is helping it report significant profits. The company's competitive advantages have drawn the attention of key partners, most notably in the autonomous vehicle space. Shares have surged in the past couple of years, but the current valuation is reasonable. 10 stocks we like better than Uber Technologies › Uber Technologies (NYSE: UBER) has been on an absolute tear. As of June 3, its shares have soared 38% in 2025. That's a tremendous gain during a time when the broader S&P 500 index is up just 2%. If you zoom out, the return is even more eye-popping. In the past two years, this top growth stock has catapulted 109% higher. Strong financial performance is clearly winning over the investment community. Perhaps you've missed the ride thus far. Is it too late for investors to buy Uber? It's been incredible to observe Uber's monumental ascent. What was once solely a ride-hailing service has evolved into both a mobility and delivery behemoth. In Q4 2019, prior to the COVID-19 pandemic, mobility gross bookings represented 75% of the company's total. In the latest quarter (Q1 2025), it was an almost even split between mobility and delivery. This kind of diversified model is hard to overstate, and it gives Uber an advantage. This shows up in the ability to leverage the same driver network, allowing these gig workers to earn more money. Uber has more data to work with, which can support various marketing and promotional activities. And it can be a holistic solution for consumers who don't want to navigate multiple apps. What's more, Uber brings in more than one revenue stream. In the first quarter of 2025, it registered $6.5 billion in revenue from mobility and $3.8 billion from delivery. There is a freight segment as well, which is tiny by comparison. What was probably once unimaginable to the critics is now a reality. And that is the fact that Uber is extremely profitable these days. It's a scaled platform that is boosting bottom-line performance. Uber posted $1.2 billion in operating income in Q1. That figure is a drastic improvement from a $1.3 billion operating loss in the first quarter of 2020. A fresh focus on creating a more efficient organization is clearly working. The management team expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow about 37% to 40% between 2024 and 2027. Uber continues to operate from a position of strength thanks to its tremendous network effect. It counted 170 million monthly active users in Q1. There are more than 7 million drivers. And last year, Uber surpassed 1 million merchants. With more users, drivers, and merchants, the entire platform constantly becomes more valuable to all stakeholders. Uber's competitive position is also supported by its powerful brand presence. The Uber name is now often used as a verb, both for getting from point A to point B and for having something delivered. That mindshare works wonders for Uber's visibility. And it highlights just how valuable Uber has become to other companies that want to tap into such a massive user base. Uber recently announced partnerships with OpenTable and Delta Air Lines. And key players working on autonomous vehicle (AV) technology, like Waymo, WeRide, and many others, have also chosen to partner with Uber to help further develop, improve, and commercialize their services. Because of Uber's competitive strengths and unrivaled reach, it makes sense these partners are leaning on it. Uber is positioning itself to be a leader in AV. At the start of 2025, shares traded at a very compelling forward price-to-earnings (P/E) ratio of 16.7. Of course, the situation isn't as cheap today. The current multiple is 22.9. However, I don't believe this valuation is asking too much of investors. As mentioned, there are many reasons to like this business. And there remains a sizable growth opportunity. For instance, CEO Dara Khosrowshahi says that AV technology alone presents a $1 trillion opportunity just in the U.S. Additionally, Uber is trying to sign up more teenagers, increase rider frequency, and expand use cases. There appears to be substantial upside for prospective investors over the long term. This means it's not too late to buy Uber stock. Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Uber Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy. Is It Too Late to Buy Uber? was originally published by The Motley Fool