AvatarJay O'TooleAvatarAvatarWhat Uber, Lyft Prop 22 win could mean for the future of all freelance workverified_publisherCNBC - Eric RosenbaumCalifornia voters gave Uber and Lyft a big win in the fight over the future of gig economy workers, approving Proposition 22, but it is not only the …
AvatarJay O'TooleAvatarAvatarCalifornia Prop 22 Vote Heralds Judgment Day for Uber, DoorDashverified_publisherBloomberg - By Ellen HuetThe gig economy is preparing for a reckoning. California voters are set to pick sides during the Nov. 3 elections in one of the most fraught debates …
AvatarJay O'TooleAvatarAvatarAppeals Court Says Uber and Lyft Must Treat California Drivers as Employees (Published 2020)verified_publisherThe New York Times - Kate CongerThe ruling adds new urgency to a ballot measure in the state that would exempt the companies from a new labor law intended to give gig workers more employment rights. OAKLAND, Calif. — Uber and Lyft must treat their California drivers as employees, providing them with the benefits and wages they are …
AvatarJay O'TooleAvatarAvatarFormer Uber Executive Charged With Paying 'Hush Money' To Conceal Massive Breachverified_publisherNPR - Shannon BondFederal prosecutors have charged Uber's former chief security officer with covering up a massive 2016 data breach by arranging a $100,000 payoff to the hackers responsible for the attack. The personal data of 57 million Uber passengers and drivers was stolen in the hack. Prosecutors are charging Joe …
AvatarJay O'TooleAvatarAvatarExclusive: Inside Uber's billion-dollar bet to deliver food, people, and everything elseverified_publisherFast Company - Mark SullivanEarlier this week, Uber acquired Postmates, the number-four player in the food delivery space, for $2.65 billion. It was a clear statement that Uber is no longer just a rides company, but a home delivery company. Now, Uber is rolling out a new design in its main app that gives its Uber Eats …
AvatarJay O'TooleAvatarAvatarUber reports stunning quarterly loss as Dara Khosrowshahi points to 'early signs' of a reboundverified_publisherFast Company - Christopher ZaraTransportation is halted. The economy is at a standstill. No one wants to get into a car that was just used by a stranger. All of those factors contributed to stunning quarterly losses for Uber Technologies, which reported its first post-coronavirus earnings this afternoon—a day after revealing that …
AvatarJay O'TooleAvatarAvatarUber Eats grew like hell in Q1 but Uber still lost nearly $3Bverified_publisherTechCrunch - Alex WilhelmAhead of its earnings report today, shares of Uber rose around 11%, buoyed by a set of financial results and promises about the future from Lyft that were rated highly by investors. That optimism lapped over the edges onto Uber. Today after the bell, however, the global ride-hailing giant reported …
AvatarJay O'TooleAvatarAvatarBig Changes To Come As Uber Tries To Safeguard Its Business Against California’s Gig-Economy LawForbes - Jack KellyUber is facing an existential threat to its business model—California’s newly enacted Assembly Bill 5 (AB5). Uber and other app-based technology companies that built their business models on the backs of independent contractors now need to quickly reinvent themselves. Lawmakers in California and …
AvatarJay O'TooleAvatarAvatarUber founder Travis Kalanick is leaving the company’s board of directorsverified_publisherTechCrunch - Darrell EtheringtonUber founder and former CEO Travis Kalanick is leaving the company’s board of directors, the ride-hailing company announced today. Kalanick will officially resign from the board as of December 31, to “focus on his new business and philanthropic endeavors,” according to a press release issued by …
AvatarJay O'TooleAvatarAvatarThe future of Uber is basically Amazonverified_publisherQuartz - Michelle ChengIf the first big revolution of our modern tech era was digital, prompting companies like Google to go and organize the world’s information, the next revolution is playing out more broadly, with companies integrating the digital and physical realms, and trying to figure out how to do so in a …
AvatarJay O'TooleAvatarAvatarLondon Won't Renew Uber's License, Saying Unauthorized Drivers Took 14,000 Tripsverified_publisherNPR - Bill ChappellLondon's transportation regulator has refused to renew Uber's license to operate in the U.K. capital, saying the company is not "fit and proper" to run a private ride-hiring service. The city says Uber's systems repeatedly allowed unauthorized drivers to pick up passengers. "We think this decision …
AvatarJay O'TooleAvatarAvatarUber's ex-CEO Travis Kalanick has sold more than $1 billion in stock since lockup expiredverified_publisherCNBC - Will FeuerUber co-founder and director Travis Kalanick's massive November sell-off of stock in his former company is nearing $1.5 billion. Kalanick sold more …