News Stories

Uber and Lyft are pushing drivers into poverty | Opinion

Posted on

(Source: https://www.nj.com/opinion/2020/03/uber-and-lyft-are-pushing-drivers-into-poverty-opinion.html?fbclid=IwAR0bsqxA8VLiX7QJWXepXqKpOISnT9CfJbU19ayAaQhNl_URGoM5gXQ8YrI) By Edward Escobar Uber has a lucrative business model, but it has one problem: It relies on pushing its drivers into poverty. The courts are still skeptical — however politicians are experiencing an awakening to the reality of the impact of the gig economy on the workforce, as corporations, specifically the Silicon Valley […]

News Stories

Torsten Kunert, aka the “Rideshare Professor”, Joins Local Driver Co-op as CEO of the Federation, Where Drivers Receive 90% of the Revenue and Equity

Posted on
Torsten Kunert, CEO of Local Driver Co-op

(Source: https://www.marketwatch.com/press-release/torsten-kunert-aka-the-rideshare-professor-joins-local-driver-co-op-as-ceo-of-the-federation-where-drivers-receive-90-of-the-revenue-and-equity-2020-02-25) Feb 25, 2020 (Investing Alerts) — (Los Angeles, California) Local Driver Co-op is excited to announce the appointment of Torsten Kunert as CEO of the global federation that will seed and deploy locally-owned driver cooperatives in each city. Local Driver Co-op (www.LocalDriver.Coop) is a cooperative that has been established to address the massive […]

News Stories

Small businesses need to empower one another in ecommerce: Direct Global / Direct Co-ops CEO

Posted on

Direct Global has plans to launch an app to help mom-and-pop shops compete against Amazon and other online retailers. The company’s CEO, Ahmed Attia, joined BNN Bloomberg to share his thoughts on Direct Global’s future within ecommerce. Watch now: https://www.bnnbloomberg.ca/video/small-businesses-need-to-empower-one-another-in-ecommerce-direct-global-ceo~1862938

News Stories

Uber’s free-wheeling era of growth is coming to an end

Posted on

(Source: https://qz.com/1759492/uber-faces-tighter-regulations-in-its-most-important-cities/?fbclid=IwAR0Ma8wutxAXlmkfXL-1umezqV99AdgokwkiBtwCTU8cTeZYIGwZvSXUOkQ ) November was a bad month for Uber. London declined to renew its license. Seattle approved new fees on rides and a to-be-determined minimum wage for drivers. Chicago passed a congestion tax on ride-hail services that adds as much as $3 to private rides during peak hours. New Jersey hit the company with a $640 million bill for misclassifying drivers […]

News Stories

Maybe We’re Not All Going to Be Gig Economy Workers After All

Posted on

(Source: https://www.nytimes.com/2019/09/15/upshot/gig-economy-limits-labor-market-uber-california.html?fbclid=IwAR2-j0Uv4ji5WWOH7UglfVXeaWKNBDNagMvWeLDzL5WFrEfhejyDmusn6pU) Companies like Uber are hitting the turbulence of government regulation, worker resistance and labor market reality. Not too long ago, the “gig economy” looked as if it just might be the future of work in America. The rapid rise of digital platforms that let people earn money by driving passengers, delivering groceries, walking dogs or […]

News Stories

We’re All Killing Uber Just By Using It

Posted on

(Source: https://www.vice.com/en_au/article/zmjew8/were-all-killing-uber-just-by-using-it) Uber lost another $5.2 billion this quarter and continues to lose money. For now, we’re just getting subsidized rides from Silicon Valley investors. Uber just reported that in the past three months, it lost $5.2 billion (BILLION!!). As the business press spills black ink explaining away Uber’s red ink, this is a good […]