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Uber and Lyft are pushing drivers into poverty | Opinion

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(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 […]

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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

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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 […]

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

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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

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Travis Kalanick severs all ties with Uber, departing board and selling all his shares

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(Source: https://www.cnbc.com/2019/12/24/travis-kalanick-to-depart-uber-board-of-directors.html) Former Uber CEO Travis Kalanick will step down from the board, effective Dec. 31, and a spokesperson said Tuesday he has sold all of his stock in the ride-hailing company he co-founded 10 years ago. It’s unclear how much Kalanick’s total stake is worth, but the latest public filings show it’s about $2.5 billion. In […]

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

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(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 […]

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

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(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 […]