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
AI Chip Giants TSMC and SK Hynix Pull in Different Directions
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Bloomberg Technology
Lucid shares slide as EV maker hires restructuring adviser
Lucid Motors is working with restructuring advisers to turn around its struggling business, while dismissing rumors that it’s considering bankruptcy as “completely false.” Consultant AlixPartners has been engaged to examine all aspects of Lucid’s operations. The carmaker is aiming to optimize its business, cut costs and ensure that the rollout of a new mid-size vehicle…
Bloomberg Technology
Palantir Co-Founder Joe Lonsdale on the AI Investment Boom
AI is fueling a new era of venture investing. Joe Lonsdale, managing partner at 8VC and co-founder of Palantir, discusses the firm’s record $1.5 billion fund, why startup rounds are getting bigger, and where he’s placing his bets on the next generation of defense tech and AI companies. He joins Ed Ludlow on “Bloomberg Tech.”…
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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.