Bloomberg Technology
Uber Reclassifies U.K. Drivers as Workers
Mar.16 — Uber announced the company will be reclassifying all 70,000 of its U.K. drivers as workers this week allowing them to have benefits such as minimum wage, paid vacation time, and a pension. Bloomberg’s Priya Anand reports on “Bloomberg Technology.”
Bloomberg Technology
Microsoft’s Big Bets on AI Start to Pay Off
Microsoft Corp. reported better-than-expected cloud revenue, suggesting the company continues to reap the benefits of its massive investment in artificial intelligence. Sales at Azure were up 48%. Revenue from a commercial deal with OpenAI totaled $10 billion. Bloomberg’s Ed Ludlow and Anurag Rana of Bloomberg Intelligence report. ——– Like this video? Subscribe to Bloomberg Tech on…
Bloomberg Technology
Anthropic Weighs Offering 15%-20% of IPO to Retail Investors
Anthropic is weighing a retail offering of 15% to 20% of the shares available in the IPO, according to people familiar with the matter. Those sources say the company behind Claude has tapped JPMorgan Chase to lead the US retail offering. Bloomberg’s Ryan Gould discusses the plans with Ed Ludlow on “Bloomberg Tech.” ——– Like…
Bloomberg Technology
Investors Eye AI Payoff in Microsoft, Alphabet Earnings
Bloomberg’s Ed Ludlow breaks down expectations for Microsoft and Alphabet, which both report earnings after the bell, with Wall Street looking for proof that their massive AI investments are paying off. Plus, Bloomberg reports that Anthropic has tapped JPMorgan to lead the US retail offering for its potentially record-setting IPO. And, Apple is betting consumers…
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RcStan Stanley
March 16, 2021 at 10:33 pm
California law solved this problem for workers. But intense campaigning with 10 to 1 spending allowed Uber to overwhelm the driver’s wishes.
Fondue Bear
March 17, 2021 at 12:22 am
Good job. Gig workers take bigger hits than say Uber, postmates, Lyft, doordash etc. Breaking it down, 1 person got rich while the vast (drivers) stayed poor.
Everytime they talk about pay: 17an hour…haha…that does not factor in any costs associated: gas, maintenance, car, car insurance, health insurance, phone, phone plan, taxes fica, SSI, medicaid..etc.
Dustin Montgomery
March 17, 2021 at 12:53 am
Uber is meant to be a secondary form of income, not a main job. I hope Uber in the UK goes out of business
Dustin Montgomery
March 17, 2021 at 12:51 am
No body should even consider working for Uber or other similar companies as employees.
It should be a pure contractor type employment.
All your doing is making the barrier of entry much harder for those who just want to do it a couple hours a week.
Plus the entire system is designed that way. Your going against the wind here. Forever and ever.