Markets

Uber and Lyft shares soar after Californians approve Prop 22, allowing ride-hailing companies to continue classifying their drivers as contractors

Uber and Lyft shares jumped more than 15% in pre-market trading on Wednesday after California voters approved Proposition 22. The ballot measure’s passage means the ride-hailing companies can continue to classify their drivers as independent contractors instead of employees, exempting them from Assembly Bill 5, a state labour law passed […]
Uber and Lyft shares soar after Californians approve Prop 22, allowing ride-hailing companies to continue classifying their drivers as contractors
Tech

Right-wing news sites, PR firms, and an online ‘cultivated troll army’ are all reportedly helping Uber and Lyft’s push for Prop 22, which would classify drivers as contractors

Right-wing news outlets, a social media mob, and public relations firms hired by Uber and Lyft are playing a role in the tech firms’ attempt to keep paying drivers as contractors, per a CNET report. Uber, Lyft, Postmates, DoorDash, and Instacart created and funded Proposition 22 to be exempt from […]
Right-wing news sites, PR firms, and an online ‘cultivated troll army’ are all reportedly helping Uber and Lyft’s push for Prop 22, which would classify drivers as contractors
Tech

How to use Uber promo codes to get free or discounted rides

You can use Uber promo codes to enjoy free or discounted rides, and first time Uber users are eligible for a $US15 promo shared directly from Uber itself. Some Uber promotions expire, such as those created to get guests safely to and from a specific event at a specific time. […]
How to use Uber promo codes to get free or discounted rides
Strategy

20% of New York drivers for apps like Uber have had to rely on food stamps

Uber improved margins by cutting driver pay, writes an industry expert in American Affairs. Drivers for ride-sharing services have reportedly required food stamps and slept in their cars. One study found average monthly pay from ride-sharing apps declined by half between 2013 and 2018. Visit Business Insider’s homepage for more […]
20% of New York drivers for apps like Uber have had to rely on food stamps
Markets

Uber is going public at a $90 billion valuation

Uber plans to raise more than $US10.3 billion in its initial public offering, potentially giving it a market capitalisation of $US90 billion. The ride-hailing giant will offer 180 million shares at a price between $US44 and $US50 per share. Uber plans to raise upwards of $US10.3 billion in one of […]
Uber is going public at a $90 billion valuation