Tag: Silicon Valley

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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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October 10, 2021 0

Big tech threw $200m at a ballot measure to hurt gig economy workers. And they won | Ross Barkan

One of the darker outcomes of 21st-century work life has been the predatory gig economy. Divorced from healthcare benefits and regular pay, millions of workers are told they are supposed to be lucky to drive passengers around in a car for ever-diminishing returns. Last week, there was hope that Proposition 22, a ballot measure that…
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September 28, 2021 0

Uber, Lyft and Airbnb cut thousands of jobs as pandemic batters Silicon Valley

The economic fallout from the coronavirus has come to Silicon Valley, with major tech firms announcing layoffs in recent weeks. On Wednesday, Uber became the latest company to announce cuts, revealing in a filing to the Securities and Exchange Commission that it will lay off 3,700 workers – roughly 14% of its global workforce. Uber…
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September 15, 2021 0

Susan Fowler: ‘When the time came to blow the whistle on Uber, I was ready’

Before Susan Fowler was a whistleblower she was a violinist, and before she was a violinist she fed fruit flies to spiders that were milked for their venom at a small Arizona business known as Spider Pharm. In February 2017, Fowler was thrown into the public eye after she published a damning blogpost exposing the…
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September 10, 2021 0

Let’s follow California’s lead and regulate companies like Uber

This week, California’s governor, Gavin Newsom – a darling of tech capitalists – signed Assembly Bill 5 (AB5) into law. The bill codifies the “ABC test” to determine the applicability of California employment laws and makes it harder for companies to get away with misclassifying workers as independent contractors. If properly enforced, AB5 will have…
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August 29, 2021 0

Uber-rich: the wealthy people who will get even wealthier from IPO

Uber on Thursday priced its shares at $45 each on its Wall Street debut, valuing the company at a disappointing $80.4bn. While its value could rise on the first day of trading, the figure is well below Uber’s initial $100bn target as investors got the jitters about the lacklustre performance of the float staged by…
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August 19, 2021 0

What is Uber? Forget the sharing economy – it’s just a libertarian scam

Serf, noun: a laborer bound under the feudal system to work on his lord’s estate. Uber is a lot. Last year 5.2 billion people took a ride in an Uber. And the company lost an average of 58 cents on each ride.


August 18, 2021 0

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…
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August 11, 2021 0