Tag: Lyft

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The future of work: share out the benefits

California is one of the few economies large enough to set the rules in a globalised world. The state’s initiatives on car safety and emissions have in the past set an example that was followed by car manufacturers everywhere. In a less beneficial way, California was also the birthplace of the gig economy, and the…
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November 6, 2021 0

Floating or falling? Tech companies that made stock market debuts in 2019

Uber Uber’s shares fell on a humiliating first day of trading in May and have closed above the $45 price of the initial public offering (IPO) on only two days since. The ride-hailing firm reported a $5.2bn loss for the three months to the end of June. Its biggest quarterly loss was weighed down by…
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November 6, 2021 0

Dancers, writers, caddies: the gig workers who could benefit from California’s historic bill

Groundbreaking legislation passed by California lawmakers on Wednesday has been lauded for its potential to transform the way tech companies such as Uber and Lyft treat their drivers – but those aren’t the only workers who stand to benefit. The bill, known as AB5, will go into effect in January 2020. It sets a three-part…
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November 5, 2021 0

California passes landmark gig economy workers’ rights bill

Lawmakers in California have passed a landmark bill that would make it much more difficult for companies such as Uber and Lyft to classify workers as independent contractors rather than employees. The bill, which paves the way for workers in the so-called gig economy to get holiday and sick pay, has garnered attention across the…
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November 5, 2021 0

California lawmakers consider bill that would ‘lead the world’ on gig worker rights

California legislators are set to decide on legislation that would fundamentally change the way tech giants like Lyft and Uber engage with workers. Assembly Bill 5 would change the way businesses classify employees and dramatically expand protections for gig workers. If it passes, the legislation would represent a big win for labor advocates across the…
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November 5, 2021 0

California Uber and Lyft drivers rally for bill granting rights to contract workers

Dozens of drivers for Uber and Lyft attempted to shut down streets in San Francisco on Tuesday, demanding the right to form a union and calling on state governments to pass a new bill supporting gig worker rights. Lyft and Uber drivers from across California came in a 70-plus caravan to speak out in favor…
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November 4, 2021 0

‘I don’t like being treated like crap’: gig workers aim to retool a system they say is rigged

Felipe Martinez began working full-time as an Uber driver in the Boston, Massachusetts, area in late 2017. He enjoyed the flexibility, being able to work nights while spending days with his children and focusing on his family, but then Uber began unilaterally implementing changes that he says progressively worsened over time. “You start thinking they’re…
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November 4, 2021 0

WeWork files for IPO amid investor skepticism over deep losses

WeWork, a company that has shaken up the sleepy world of office rentals by adding a hipster aesthetic and beer taps to office life, became the latest Silicon Valley “unicorn” to file for an initial public offering (IPO) on Wednesday, revealing huge losses and rapid growth. The nine-year-old company now runs offices in 111 cities…
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November 4, 2021 0