The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Let’s… Continue reading The Station: Canoo paddles into the SPAC current and the next threat to micromobility
Tag: Lyft
Human Capital: What’s next in Uber and Lyft’s court battle and a look at board diversity in Silicon Valley
Welcome back to Human Capital, where we unpack the latest in diversity, equity and inclusion, and labor issues in the tech industry. In this week’s edition, we’re looking at the latest in Uber and Lyft’s court battle to keep their drivers classified as independent contractors, Pinterest’s well-timed announcement of a Black board member, overall board… Continue reading Human Capital: What’s next in Uber and Lyft’s court battle and a look at board diversity in Silicon Valley
California court ruling gives voters last word over Uber, Lyft worker rights
LOS ANGELES/NEW YORK (Reuters) – A California appeals court ruling on Thursday avoided a shutdown of ride-hailing services Uber and Lyft in the state, effectively handing a decision over gig worker benefits and pay to voters in a November ballot measure. Rideshare driver Jesus Jacobo Zepeda of Lancaster, California takes part in a rally as… Continue reading California court ruling gives voters last word over Uber, Lyft worker rights
Judge grants Uber and Lyft temporary stay in driver reclassification case
A California appeals court judge has granted Uber and Lyft’s emergency stay. This means the preliminary injunction that sought to force companies to reclassify their drivers as employees will not go into effect this Friday. The court is now reviewing Uber and Lyft’s appeal to overturn the trial court’s ruling. Oral arguments in the case… Continue reading Judge grants Uber and Lyft temporary stay in driver reclassification case
BMW and Daimler’s ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
Free Now, Uber’s big ride-hailing competitor in Europe, says its overall European operations are profitable in contrast to US rivals. Free Now also won a two-year license to operate in London in August. Uber meanwhile is scrabbling to appeal a 2019 decision to scrap its London license. Free Now is owned by two European car… Continue reading BMW and Daimler’s ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
Ride-hailing’s collapsing house of cards
Uber and Lyft need to prove they’re economically viable, but doing so while keeping its customer base seems impossible. Go to Source
Lyft: Lyft Announces Second Quarter Results
Results reflect strong cost management and execution in challenging environment Ended quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investments SAN FRANCISCO, Aug. 12, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its second quarter ended June 30, 2020. “While rideshare rides in the quarter were down significantly… Continue reading Lyft: Lyft Announces Second Quarter Results
Uber and Lyft just got hit with another lawsuit in California over claims the companies are skirting the state’s gig worker law (UBER, LYFT)
California’s labor commissioner announced Wednesday that her office is suing Uber and Lyft, claiming the companies are stealing wages from drivers by “willfully misclassifying” them as contractors instead of employees. The suit alleges that Uber and Lyft have failed to pay drivers minimum wage, sick pay, unemployment, and other benefits guaranteed to employees under state law.… Continue reading Uber and Lyft just got hit with another lawsuit in California over claims the companies are skirting the state’s gig worker law (UBER, LYFT)
@niche: Perception for Automated Trucking
The highway as seen by an automated truck By Lance Martin and Alvin Zhang Few industries have gained more prominence this year than logistics. With millions at home sheltering in place, there is unprecedented demand for delivery of food and other essential items. People across the country are realizing they should #ThankATrucker. At Ike, we believe… Continue reading @niche: Perception for Automated Trucking
Buckle Raises $31M in Series A Funding
Buckle, a Jersey City, N.J.-based tech-enabled financial services company, raised $31m in Series A funding. The round was co-led by HSCM Bermuda and Eos Venture Partners. The company is using the funds to launch other products and partnerships as it expands nationwide. Led by Dustin Walsey, co-founder, Buckle provides offers total insurance coverage specifically for… Continue reading Buckle Raises $31M in Series A Funding