WeWork and Uber are proof valuations are meaningless – gpgmail

[ad_1] Hello and welcome back to Equity, gpgmail’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate and Alex were back to cover a lot of late-stage news, which they rounded up with some early-stage notes towards the end. As a reminder, come check out the show at Disrupt SF if […]

Uber resists California gig worker bill – gpgmail

[ad_1] The Daily Crunch is gpgmail’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Uber plans to keep defending independent contractor model for drivers Despite California lawmakers passing a bill designed to turn gig […]

Uber plans to keep defending independent contractor model for drivers – gpgmail

[ad_1] In light of gig worker protections bill AB5 passing in the California State Senate last night, amendments to AB5 passing in the Assembly this morning, Uber has made it clear it plans to do whatever it takes to keep its drivers independent contractors. “We will continue to advocate for a compromised agreement,” Uber Chief […]

Uber commits $200 million to Uber Freight expansion in bet on trucking and Chicago – gpgmail

[ad_1] Uber Freight is establishing its headquarters in Chicago as part of Uber’s broader plan to invest more than $200 million annually in the region, including hiring hundreds of workers. Uber said Monday it will hire 2,000 new employees in the region over the next three years, most of which will be dedicated to Uber […]

Uber has surveyed some drivers on small loans, suggesting financial products are coming – gpgmail

[ad_1] Back in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of speculation. It now looks like Uber is taking baby-steps towards building such […]

Uber and Lyft are putting $60 million toward keeping drivers independent contractors – gpgmail

[ad_1] In light of gig worker protection legislation Assembly Bill 5 making its way through California’s legislature, Uber and Lyft are amping up their efforts to do whatever they can to prevent it from happening. And in the event that the bill does pass, which would force Uber and Lyft to make their drivers W-2 […]

Uber proposes policy that would pay drivers a minimum wage of $21 per hour – gpgmail

[ad_1] On the heels of a driver-led protest outside Uber’s San Francisco headquarters where drivers showed their support for gig worker protections legislation Assembly Bill 5 and demanded a union, Uber is circulating a petition urging people to “protect ridesharing in California.” In the petition, Uber advocates for a policy that would offer drivers a […]

Uber and Lyft drivers are not letting up on the fight for AB-5 and a union – gpgmail

[ad_1] A number Uber and Lyft drivers are protesting outside of Uber’s San Francisco headquarters to demand the passage of Assembly Bill 5 and the right to unionize. “What do we want? AB-5! When do we want it? Now!” That was one of the phrases drivers chanted outside of Uber’s HQ this afternoon. This is […]

Uber tries to reassure customers that it takes safety seriously, following NYTimes book exerpt – gpgmail

[ad_1] It’s hard at times not to feel sorry for CEO Dara Khosrowshahi, given all that he inherited when he became the ride-share giant’s top boss back in April 2017. Among his many to-do items: take public a money-losing company whose private-market valuation had already soared past what many thought it was worth, clean-up the […]

Apple Card launches today for all U.S. customers, adds 3% cash back for Uber and Uber Eats – gpgmail

[ad_1] Apple this morning announced its highly anticipated new credit card, Apple Card, is launching today for all customers in the U.S. Customers will be able to apply for the Apple Card through the Wallet app on the iPhone, then immediately begin using it by way of Apple Pay — before the physical card arrives […]