Lyft

Bokhari: The Booming ‘Gig Economy’ Is a Plutocrat’s Paradise

In days past, if you were risking your life for low pay, that likely meant you were a soldier. The upside: survival skills, high status, a free college degree, and good benefits. These days, though, you can risk your life for low pay and get none of those benefits, as a member of the pandemic “Gig Economy.”

Instacart CEO Apoorva Mehta

Lyft Laying Off 17% of Employees

Rideshare company Lyft said it is laying off 982 employees, or 17 percent of its workforce, and is furloughing hundreds more due to financial pressure from the Chinese virus pandemic.

FILE - In this Monday, Jan. 26, 2015, file photo, Logan Green, co-founder and chief executive officer of Lyft, displays his company's "glowstache" during a launch event in San Francisco. On Monday, Jan. 4, 2016, General Motors Co. announced it is investing $500 million in ride-sharing company Lyft Inc. GM …

Lyft Forms ‘Safety Advisory Council’ in Response to Sexual Assault of Passengers

Ride-sharing company Lyft is reportedly putting together a council of experts to advise the company on various safety initiatives for passengers. The “Safety Advisory Council” is being formed in response to many problems between drivers and passengers, including the rape and sexual assault of women — 14 rape victims have sued Lyft claiming their drivers sexually assaulted them.

Early this year, Lyft expanded to a hundred more US cities, bringing the total to about 300

Uber, Postmates Sue California to Stop Gig Worker Law

Ride-sharing giant Uber and courier service Postmates have filed a lawsuit aimed at putting the brakes on California’s new law that will reclassify gig workers as employees, potentially burdening tech companies with millions of dollars in new personnel costs.

Uber CEO Dara Khosrowshahi, seen at a New York conference last month, said the ride-hailing service would no longer require arbitration in cases of allegations of sex abuse, allowing victims to speak openly and pursue claims in court

DC Attorney General’s Lawsuit: DoorDash Skimmed Tips

The attorney general of Washington, D.C. has just delivered a lawsuit to DoorDash, alleging that the popular food-delivery company skimmed tips from its drivers and misled customers into thinking that their gratuities would end up in drivers’ pockets.

DoorDash CEO Tony Xu

Uber Reports $1.16 Billion Quarterly Loss, Shares Plummet

Shares of Uber Technologies Inc. plummeted in after-hours trading Monday and into Tuesday after the ridesharing company reported that it lost a whopping $1.16 billion in the third quarter, exceeding losses from the same quarter last year by 18 percent.

Uber posts biggest quarterly loss ever after stock payouts

Uber, Lyft Unveil Ballot Measure to Fight California Gig Workers Law

Uber, Lyft, and DoorDash have unveiled a new ballot measure intended to fight the recently passed California law that will re-classify gig economy workers as employees, potentially devastating their business models which rely on armies of drivers who are treated as contract workers.

Uber Spencer PlattGetty Images

Uber to Defy California Law that Could Classify Drivers as Employees

Uber struck a defiant note Wednesday, saying that it won’t reclassify drivers as employees despite a California law expected to take effect in January that would dramatically change the status of gig workers in the state. According to the company, drivers fall “outside the usual course of Uber’s business.”

Uber chief executive Dara Khosrowshahi, pictured in 2016

Uber Proposes Minimum Wage for Drivers to Combat California Bill Classifying Them as Employees

Uber has proposed to pay its drivers a new hourly minimum wage of $21, but a union affiliate representing the company’s drivers remains critical, as the proposed hourly wage would only apply while drivers actually have passengers in the car or are in route to pick someone up. The proposal is to counter a California bill classifying drivers as employees instead of independent contractors — which analysts believe could bankrupt rideshare companies.

Slaying puts focus on ride-hailing safety, fake drivers