By preempting regulation, Uber is trying to garner favor for its business model. It is also putting itself in a position of influencing laws that regulate it. It wouldn’t be a stretch to say it’s making its own laws.
Prop 22 In Europe: Breaking Down Uber’s White Paper ‘A Better Deal’
I recently was able to sit down and take a look at Uber’s White Paper, titled ‘A Better Deal.’ In thirty-three pages, Uber positions itself as fighting for a better deal for independent workers, i.e., gig workers. It calls on the European Union’s leadership to work toward a framework that would apply to all brands. What is the framework? From the White Paper, it’s clear that Uber wants to see something like Proposition 22, a California ballot measure that gig companies (including Uber) funded a historic amount of money back in November’s election.
Uber Acquired Drizly For $1.1 Billion, What Drivers Can Expect
One of the gig economy’s biggest stories earlier this month was Uber acquiring alcohol delivery start-up Drizly. The price tag for this acquisition was $1.1 billion in stocks and cash. Only 10% of the $1.1 billion was in cash. The rest was stocks. At the announcement of this acquisition, Uber’s stock price jumped as much as 7%.
New Biden Favored Labor Law Could Destroy Brands Like Uber
House Democrats recently re-introduced the Protecting the Right to Organize (PRO) Act. House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer were among the sponsors. The labor law did not pass in the last Congress. But things have changed since. Democrats control the House, and President Biden is in favor of the act. The only thing that remains to be seen is whether it will pass through the divided Senate.
Toward An Automatization Of Drivers? Uber CEO, Dara Khosrowshahi, Speak With Kara Swisher
In a podcast with Kara Swisher, Uber CEO Dara Khosrowshahi talked about California’s Proposition 22, the Autonomous Vehicle Business, and more.
Best 5 Rideshare Apps For Gig Drivers In 2021
Traditionally car ownership comes with expenses and a depreciating asset as the car loses values over time. Rideshare apps can turn car ownership into an earning opportunity. If you’re just starting out and want to find a perfect rideshare service for yourself, to make money as a gig driver, these are the most stable platforms.
California Passes Prop 22, What Does This Mean For Gig Workers?
With Proposition 22 winning the votes by a landslide in California, Uber and Lyft has added a set of new benefits for rideshare drivers while maintaining the classification of contractor
200 Employees Sue Uber Over IPO (Investors Too)
Almost 200 employees of Uber, including their current and former workers, have sued the company. They have detailed that the company has broken an agreement with the employees that provided them with shares while saving them income tax worth millions.
Uber Technologies Inc. Acquires Postmates for $2.65 Billion
Ride-hailing and delivery services have been hit hard by the global pandemic. In order to supply everyday goods and groceries, Uber has decided to expand its operations. On Monday, the company sat down with Postmates and offered an acquisition bid […]
Where Uber’s Self-Driving Technology is Going, and What Drivers Should Do About It
Rideshare giant Uber has been dabbling in self-driving technology for several years now. After numerous expensive mistakes and major roadblocks, Uber needs to start making money faster than it spends it. What is a rideshare company’s biggest expense, however? Paying […]
