Gig Companies Push Mass. Ballot Initiative
The measure, modeled on California's Prop 22, "could make Massachusetts the epicenter for an expensive fight over the legal rights of gig workers."
Uber Freight Bulks up With $2B Transplace Buy
"This is an opportunity to create an an industry-first shipper-to-carrier platform," the head of Uber's delivery business says.
Uber to Switch to ‘Hybrid’ Work Model in September
The combination of in-person and remote work "will give people the freedom to do their best work while staying connected to their colleagues."
Uber to Offload Self-Driving Unit to Amazon-Backed Startup Aurora
The combined company created by the merger of the two autonomous driving businesses is valued at close to $10 billion.
California Judge Says Lyft and Uber Drivers Are Employees
The injunction has 10 days to take effect, giving the ridesharing companies time to appeal the decision.
Engineer Gets 18 Months in Google Secrets Case
Anthony Levandowski had pleaded guilty to stealing thousands of files from Google's self-driving car program to benefit himself and Uber.
SoftBank Shuns Call for Board Oversight of Vision Fund
Elliot Management wants the group to create a subcommittee to supervise the fund’s investment process.
SoftBank Posts Record $12.7B Operating Loss in 2019-20
The company’s tech fund reported a loss of $17.7 billion.
Uber CEO Asks Trump to Provide Relief to Drivers
The company’s 1.3 million independent workers are facing financial uncertainty due to the reduced demand for rides during the pandemic.
Uber Beats Estimates But Loss Widens to $1.16B
While Uber's Rides segment is profitable, it is spending heavily on new businesses such as Eats.
Uber Forms New Unit to Push Financial Products
The company "is betting that by building out its financial ecosystem, it can keep drivers and riders loyal to its platform."