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Uber losses top $1bn in run-up to IPO

Uber has posted a loss of more than $1bn (£780m) in its latest quarter as growth in bookings continued to slow in the run-up to its stock market flotation next year.


November 15, 2018 0

Without a fair tax on tech, it could be the end of the state as we know it

Alongside the results of last week’s US midterms came the passing of San Francisco’s Proposition C, a measure that will tax firms with an annual turnover of more than $50m (£44m) to raise an estimated $300m extra a year to help address homelessness. Last Tuesday, 60% of voters backed it: though the proposal is now…
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November 11, 2018 0

Foodora Australia admits riders owed $5m were ‘more likely than not’ employees

The administrators of now-collapsed Foodora Australia have admitted it is “more likely than not” their food delivery riders were employees rather than independent contractors – and are owed more than $5m in unpaid wages.


November 10, 2018 0

Addison Lee and Oxbotica ink self-driving deal, will offer autonomous car services in London by 2021

After undertaking a year-long investigation with Ford and four other mobility specialists on how to build self-driving systems that integrate with London’s existing transport infrastructure, Addison Lee today is announcing the next step in its autonomous strategy. The on-demand ride company — which competes with black cabs, Uber and other car services — announced a…
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October 21, 2018 0