In a statement on Thursday, Lyft announced it had submitted a draft registration statement with the US Securities and Exchange Commission (SEC), in a move which sets it up to be one of the first large tech flotations of 2019.
The “gig” economy was supposed to be an opportunity for entrepreneurs to be their own boss. Everyone from Uber to Postmates, Lyft, Airbnb, Turo and Parklee have all sold themselves as platforms for freelancers and would-be entrepreneurs to work for themselves.
Moham Kumar wolfs down a few spoonfuls of spiced black chickpeas for lunch between passengers. It is 3pm. Kumar has been on the roads of the Indian capital since 9am without a break. He will continue driving until 9pm or 10pm. This is his routine, seven days a week. “When I get home my daughter…
Uber’s European operation has been fined £385,000 for a data breach that affected almost 3 million British users, the Information Commissioner’s Office has announced.
Of all the ideologies spawned by Silicon Valley, that of techno-populism – the making of empty promises on the basis of seismic digital disruption – is the strangest. Promising a world of immediate and painless personal empowerment, techno-populism is ambiguous enough to unite big tech firms, startups, cryptocurrency aficionados and even some political parties.
In May 2016, after months of failing to find a traditional job, I began driving for the ride-hailing company Lyft. I was enticed by an online advertisement that promised new drivers in the Los Angeles area a $500 “sign-up bonus” after completing their first 75 rides.