Category Archive Syndicated

ByCab4Now.com

Addison Lee refused permission to appeal worker status ruling

Addison Lee has been denied permission to appeal against the ruling that its drivers are workers and not self-employed.

It is the first time that a gig economy organisation has been refused the opportunity to appeal against a workers’ rights decision.

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ByCab4Now.com

Stampede of the unicorns: will a new breed of tech giants burst the bubble?

Five years ago Aileen Lee, founder of Silicon Valley investor Cowboy Ventures, coined the term “unicorn” for a private company valued at more than $1bn.

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ByCab4Now.com

Lyft share price soars 20% in minutes on taxi app’s stock market debut

The ride-hailing company Lyft made its stock market debut on Friday soaring over 20% in the first few minutes of trading as investors snapped up the first in a series of hotly anticipated tech sales.

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ByCab4Now.com

House-hunting in Silicon Valley: tech’s newly rich fuel a spectacle of excess

In Silicon Valley, an open house can be more than an open house. At a six-bedroom, seven-bath home in the town of Menlo Park, a flamenco dancer swirled and a guitarist fingerpicked in a kitchen alcove. Outside, pesto pizza was pulled from the pizza oven. A face painter splotched unicorns on pudgy cheeks. A barista whipped up lattes. There were squishy toys for kids and videos of the house for potential homebuyers, who could keep the video-players.

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ByCab4Now.com

IPO mania: San Francisco braces for ‘earthquake’ of new tech millionaires

Several big-name tech companies are set to enter the public market, and the speculation over the effects of a crush of overnight millionaires overwhelming the region has reached fever pitch.

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ByCab4Now.com

‘I made $3.75 an hour’: Lyft and Uber drivers push to unionize for better pay

For over a year Rob Mead has worked as an Uber driver in Reno, Nevada, to supplement his income as a public sector worker. Now he’s wondering if it is worth it. “After gas, added monthly rideshare insurance, wear-and-tear, constant oil changes and taxes that $300 for 30 hours of work I thought I made in a week actually averages down to about $90 after expenses,” said Mead.

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