Tag: Uber

California judge finds Prop 22 gig worker measure unconstitutional

A California judge has ruled that Proposition 22, the measure that allows companies like Uber and Lyft to keep classifying app-based drivers in the state as independent contractors, is unenforceable and unconstitutional. According to the San Francisco Chronicle, Alameda County Superior Court judge Frank Roesch found that Prop 22 illegally “limits the power of a… Continue reading California judge finds Prop 22 gig worker measure unconstitutional

California’s gig worker Prop 22 ruled unconstitutional by superior court

In a late Friday night blow to Uber, Lyft and other gig worker-centered companies, a superior court judge ruled that California’s Proposition 22, which was passed in 2020 and designed to overrule the state’s controversial AB-5 law on the employment status of gig workers, violates the state’s constitution. Frank Roesch, a superior court judge in… Continue reading California’s gig worker Prop 22 ruled unconstitutional by superior court

Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures

Uber Technologies has acquired HKTaxi, a mobile app that connects taxi drivers with riders in Hong Kong, to couple the firm’s local knowledge and engineering strength with its global R&D and operational capabilities, the ride-hailing giant announced on Friday. The acquisition will not have any immediate impact on drivers or riders using the HKTaxi or… Continue reading Uber buys Hong Kong cab-hailing app HKTaxi marking first exit for Beyond Ventures

Bird shows improving scooter economics, long march to profitability

Newly reported financial data from Bird, an American scooter sharing service, shows a company with an improving economic model, and a multi-year path to profitability. However, that path is fraught unless a number of scenarios all work out, in concert and without a glitch. Bird, well-known for its early battles with domestic rival Lime, is… Continue reading Bird shows improving scooter economics, long march to profitability

Global and China L4 Autonomous Driving Report 2021: L4 Autonomous Driving for Commercial Vehicles Enters the Phase of Cross-Scenario Mass Production and Application

DUBLIN, Aug. 20, 2021 /PRNewswire/ — The “Global and China L4 Autonomous Driving and Start-ups Report, 2021″ report has been added to ResearchAndMarkets.com’s offering. In April 2021, Waymo’s CEO and CFO left the company. In addition, the Chief Safety Officer, head of manufacturing and global supply and general manager of Laser Bear LiDAR business, head… Continue reading Global and China L4 Autonomous Driving Report 2021: L4 Autonomous Driving for Commercial Vehicles Enters the Phase of Cross-Scenario Mass Production and Application

EV battery startup Ample raises $160 million in latest funding round

Khaled Hassounah, Ample CEO & Co-Founder, joined Yahoo Finance Live to discuss the company’s latest funding round and his outlook for the EV sector. Video Transcript ADAM SHAPIRO: The CEO and co-founder Khaled Hassounah is joining us with news that you just raised another $160 million. Tell us how that’s going to help you, because… Continue reading EV battery startup Ample raises $160 million in latest funding round

Ample raises $160M to scale its battery swapping service

San Francisco-based Ample has raised a $160 million Series C to scale its battery swapping service, the largest round yet for the 8-year-old startup that wants to completely rethink how we use electric vehicles. Ample’s approach is relatively straightforward: Cars equipped with the company’s modular battery pack can drive into one of Ample’s automated charging… Continue reading Ample raises $160M to scale its battery swapping service

China Aims Its Propaganda Firehose at the BBC

Chinese trolls and fake news websites have been attacking the BBC in a bid to undermine its credibility, new research published today claims. The online influence operation, which is being linked to the Chinese Communist Party (CCP), is seemingly a response to the BBC’s reporting on human rights abuses against Uyghur Muslims and state-backed misinformation… Continue reading China Aims Its Propaganda Firehose at the BBC

Last-mile delivery firm Airlift nets $85m — the largest ever round for a Pakistan startup

Airlift Technology, an online shopping delivery startup in Pakistan, announced raising $85 million in a Series B funding round, co-led by Harry Stebbings from 20VC and Josh Buckley from Buckley Ventures Ltd. The funding round is the largest-ever round for a Pakistani startup and is equivalent to the entire amount raised by local startups so… Continue reading Last-mile delivery firm Airlift nets $85m — the largest ever round for a Pakistan startup