California has had it with the companies that control the so-called gig economy. The state has passed AB-5, a bill that would make it more difficult for employers to treat their workers as independent contractors, also known as gig economy workers. Here’s a look at how the gig economy works.
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Uber and Lyft have been huge flops since they debuted on Wall Street earlier this year. Shares of both companies are trading more than 30% below their initial public offering prices.
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Uber, Lyft and DoorDash threatened Thursday to spend $90 million on a California ballot measure if they can’t reach a deal with unions and lawmakers on legislation that would change the rights of their drivers and other so-called gig workers.
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Airports are not only dealing with record numbers of air travelers but also big increases in traffic due to ride sharing, the New York Times reports. The news comes with air traffic expected to set a record over the Labor Day weekend.
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Lyft expects revenue for the full year to hit as much as $3.5 billion due to strong rider growth. That’s $200 million higher than it had previously forecast
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Multi-billion dollar startups that have raised money from Silicon Valley and other venture capital investors around the globe have struggled as they graduated from hot private companies to publicly traded stocks on Wall Street. But the desire for other IPOs hasn’t been erased. Here’s a look.
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Google’s self-driving vehicle division says it’s bringing autonomous trucks to the Phoenix area.
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Where does an alleged war criminal accused of torture and directing mass executions look for work while living in the United States? For Yusuf Abdi Ali, there was an easy answer: Uber and Lyft. Here’s what an investigation by CNN discovered.
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Trade could take some attention off Uber’s Wall Street debut, billed as the year’s most-hyped IPO.
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