> This isn't how their S-1 reads at all...
Of course they don’t admit they misclassifying the drivers, but Under the S-1 risk factors:
The independent contractor status of Drivers is currently being challenged in courts and by government agencies in the United States and abroad. We are involved in numerous legal proceedings globally, including putative class and collective class action lawsuits, demands for arbitration, charges and claims before administrative agencies, and investigations or audits by labor, social security, and tax authorities that claim that Drivers should be treated as our employees (or as workers or quasi-employees where those statuses exist), rather than as independent contractors... Nevertheless, we may not be successful in defending the independent contractor status of Drivers in some or all jurisdictions... any such reclassification would require us to fundamentally change our business model, and consequently have an adverse effect on our business and financial condition.
In fact the IPO includes citations to multiple lawsuits including one they settled for $20M for improper classification.