Hello, and welcome to this week’s edition of the Insider Tech newsletter, where we break down the biggest news in tech, including: Did someone forward this newsletter to you? Sign up here. Soundtrack: This week’s newsletter has been specially designed to be consumed while listening to Dr. Lonnie Smith “Why can’t we live together” (featuring… Continue reading Uber is draining its cash-burning Pool
Tag: Lyft
Could This Be The No.1 EV Stock Of 2021?
While Tesla and Volkswagen compete for EV buyers, a winner of their battles for customers may be another billion-dollar company that doesn’t even make cars called Facedrive. That might come as a surprise after the banner year Tesla had in 2020. In just the last 12 months, Tesla has seen an incredible 503% gain in… Continue reading Could This Be The No.1 EV Stock Of 2021?
Uber’s cheap and popular Pool ridesharing service lost the company as much as $1 million a week in San Francisco alone (UBER)
Uber’s early aggressive promotions like $5 rides on UberPool burned through hundreds of millions each year, sources tell Insider. The company suspended UberPool at the beginning of the pandemic and is now debating how to restart it. CEO Dara Khosrowshahi has raced to cut losses to meet profitability by later this year. See more stories… Continue reading Uber’s cheap and popular Pool ridesharing service lost the company as much as $1 million a week in San Francisco alone (UBER)
Uber has recognized a trade union for the first time. 70,000 drivers in the UK can now join and collectively negotiate wages, sick pay, and pensions.
Uber made history on Wednesday by recognizing one of the UK’s biggest trade unions. It’s the first recognition deal between a ride-hailing app and a union. Its 70,000 UK drivers can join the GMB to negotiate over pay, pensions, and support, the union said. See more stories on Insider’s business page. Uber on Wednesday officially… Continue reading Uber has recognized a trade union for the first time. 70,000 drivers in the UK can now join and collectively negotiate wages, sick pay, and pensions.
Most executives say they want more contract and temp workers. A majority of those workers say that’s not good enough. (UBER, LYFT, DASH, GRUB)
Contract workers “overwhelmingly” want to be permanent employees, according to a new McKinsey-Ipsos survey. But executives say they plan to rely more heavily on contract labor, McKinsey previously found. The findings reveal a huge divide between workers’ wants and those of their bosses. See more stories on Insider’s business page. Around a quarter of Americans… Continue reading Most executives say they want more contract and temp workers. A majority of those workers say that’s not good enough. (UBER, LYFT, DASH, GRUB)
Worldwide Online Taxi Services Industry to 2030 – Major Players Include Lyft, Didi Chuxing and GrabTaxi Holdings Among Others
DUBLIN, May 27, 2021 /PRNewswire/ — The “Online Taxi Services Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global online taxi services market. This report focuses on the online… Continue reading Worldwide Online Taxi Services Industry to 2030 – Major Players Include Lyft, Didi Chuxing and GrabTaxi Holdings Among Others
CARB Votes to Transition Ride-Hailing Fleets to Zero-Emissions by 2030
Last year, Uber pledged to invest $800 million through 2025 to help their drivers make the switch, though the actual cost is estimated to be more than double that. Photo via Wikimedia/Raysonho. The California Air Resources Board (CARB) voted on May 20 to approve the nation’s first standard to transition ride-hailing fleets to zero-emission vehicles by… Continue reading CARB Votes to Transition Ride-Hailing Fleets to Zero-Emissions by 2030
Waze names former Hotwire president Neha Parikh as CEO
Waze has a new CEO: Neha Parikh, the former president of Hotwire and a board member of Carvana. Parikh replaces Noam Bardin, who stepped down as CEO of the Google-owned navigation service last November after leading the company for 12 years. Parikh will join Waze as CEO starting in June, the company says. She is… Continue reading Waze names former Hotwire president Neha Parikh as CEO
Jumpstart Raises $20M in Funding
Jumpstart, a San Francisco, Calif.-based provider of a Diversity Recruitment Platform (DRP), is rebranding as Canvas raised $20m in funding. The round was led by Lachy Groom and Sequoia Capital with participation from Four Rivers Capital. The company intends to use the funds to expand the platform into other industries and verticals beyond technology. Led… Continue reading Jumpstart Raises $20M in Funding
Canvas lands $20M so tech’s biggest companies can find diverse talent
Ben Herman and Adam Gefkovicz launched Jumpstart in 2017 with a clear mission: to make the world more equitable via a more fair and balanced hiring process. The company released its “Diversity Recruitment Platform” in July of 2018 with the aim of helping people earlier in their careers get a “jumpstart” via technology. Over the… Continue reading Canvas lands $20M so tech’s biggest companies can find diverse talent