Category Archive Syndicated

Pinterest shares leap 25% in spectacular New York stock exchange debut

Pinterest, the digital pin board company, made a spectacular debut on the New York stock exchange on Thursday when its shares leapt 25% in its first few hours of trading.

The company, which allows users to “pin” and share pictures of favorite recipes, decorating tips and inspiring images, is used by 250 million people a month and reaches “eight out of 10 moms” in the US, according to its regulatory filing.

Read More

Uber and Lyft drivers say apps are short-changing wages while raising fares

Ridesharing companies Uber and Lyft have taken more than 11 billion people for a ride in their relatively short life. And yet the two companies have yet to make a cent in profits. Now, as the companies go public, some drivers think they may have spotted one way the companies plan to close that gap: increasing prices while short-changing drivers.

Read More

We need action to curb speed on dangerous roads

ANOTHER accident on the Finchley Road last week– this time a 94-year-old pensioner was killed.

I have seen at least two other accidents in recent weeks on this section of road, fortu­nately not fatal. It is time for action.

Read More

EU introduces new minimum rights for ‘gig economy’ workers like Uber drivers and Deliveroo riders

The European parliament has approved new minimum rights for workers in so-called “gig economy” jobs such as Uber drivers and Deliveroo riders.

Under the EU regulations, casualised employees across Europe will have a right to compensation from their bosses for last-minute cancellation of work.

Read More

Uber admits driver ‘dissatisfaction’ and workplace culture are IPO risk factors

When Uber filed the paperwork for its initial public offering on Thursday, the quintessential bad boy startup signaled to the world that it was ready to grow up. In a letter to potential investors, the CEO, Dara Khosrowshahi, acknowledged the “greater responsibilities” the company will take on once it goes public, and promised to act with “passion, humility, and integrity”.

Read More