Sponsored Links Andrei Stanescu via Getty Images Uber and Lyft drivers are classified as employees, the California Public Utilities Commission has officially ruled. The regulator, which oversees ride-hailing companies, declared its decision in an order published on Tuesday. It said “a person providing labor or services for remuneration shall be considered an employee rather than… Continue reading Uber, Lyft drivers are employees according to California regulator
Tag: Uber
Grubhub sells itself to Just Eat to create a food delivery giant
Sponsored Links Noam Galai/Getty Images The food delivery world is about to get a bit smaller. Just Eat Takeaway.com (Just Eat to most people) is buying Grubhub in a deal worth $7.3 billion. The merger will create the largest online food delivery outlet outside of China, according to the companies, and will focus on US,… Continue reading Grubhub sells itself to Just Eat to create a food delivery giant
Europe’s Just Eat Takeaway to buy Grubhub for $7.3 billion
AMSTERDAM/NEW YORK (Reuters) – European food ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China. FILE PHOTO: Signage for Just Eat is seen on the window of a restaurant… Continue reading Europe’s Just Eat Takeaway to buy Grubhub for $7.3 billion
Daily Crunch: Uber might lose out on acquiring Grubhub
Uber stocks tumble after reports that it will lose out on acquiring Grubhub, Reddit appoints a new board member and Republican senators question the legal protections of large social media platforms. Here’s your Daily Crunch for June 10, 2020. 1. Uber shares tumble 5% as reports indicate it will lose Grubhub deal to European rival… Continue reading Daily Crunch: Uber might lose out on acquiring Grubhub
Flop of BlueIndy car-share reflects broader ride-hailing challenges
The electric-car sharing future has got the blues. BlueIndy, a pioneering car-sharing service in Indianapolis that launched in 2014, quietly closed last month. Beset by losses, the decision to pull the plug on BlueIndy’s electric cars came before the global coronavirus pandemic – and as other similar services have also shut their doors. BlueIndy, an electric-car sharing… Continue reading Flop of BlueIndy car-share reflects broader ride-hailing challenges
Uber Trials Daily Car Rentals in Australia
To use Uber Rent, Uber clients in Brisbane must update the Uber app that allows them to select a rental. Photo via Uber. Uber has launched a new platform — Uber Rent — that allows ride-hail customers to rent a car. Brisbane, Australia is the first city to trial the service, according to an Uber… Continue reading Uber Trials Daily Car Rentals in Australia
Uber shares tumble 5% as reports indicate it will lose Grubhub deal to European rival
Update: Just Eats Takeaway confirmed today in a release that “it is in advanced discussions with Grubhub regarding an all-share combination of Just Eat Takeaway.com with Grubhub.” More when we have it. Reports this morning indicate that Uber, the American ride-hailing giant with a global footprint, will lose out on its attempt to buy Grubhub, an… Continue reading Uber shares tumble 5% as reports indicate it will lose Grubhub deal to European rival
German freight tech start-up Sennder merges with France’s Everoad
BERLIN, June 9 (Reuters) – German freight technology firm Sennder said on Tuesday it was merging with French peer Everoad in a deal that keeps it on track for its target of 1 billion euros ($1.1 billion) in revenue by 2024. Sennder, founded in 2015, is merging with the smaller Everoad in a stock-based deal… Continue reading German freight tech start-up Sennder merges with France’s Everoad
Lilium adds $35M from Baillie Gifford at a $1B+ valuation for its electric aircraft taxi service
While most air travel continues to be ground to a halt, a German startup working on what it hopes will be a major breakthrough in flying has raised more funds to continue building its service. Lilium, which is designing an all-electric vertical take-off and landing aircraft that it plans to build into a taxi-style fleet… Continue reading Lilium adds $35M from Baillie Gifford at a $1B+ valuation for its electric aircraft taxi service
Uber could lose its Grubhub deal to Just Eat or Delivery Hero
According to CNBC there are two suitors rivaling Uber for purchase of U.S. food delivery company Grubhub: Just Eat Takeaway (the union of Just Eat and Takeaway) and Delivery Hero. Both are European companies perhaps looking for a major entry to the United States market. Just Eat Takeaway is based in the U.K. and Holland,… Continue reading Uber could lose its Grubhub deal to Just Eat or Delivery Hero