Uber is laying off another 3,000 employees, the Wall Street Journal first reported. Uber is also closing 45 offices, and rethinking its approach in areas like freight and autonomous vehicle technology
Uber says it has committed $50 million to procure and provide safety supplies to drivers. Those supplies will include things like face masks, sanitizer, gloves and disinfectant, Uber CEO Dara Khosrows
Earlier today news broke that Uber is pursuing an acquisition of Grubhub. The global ride-hailing giant is worth a multiple of the American food delivery service, making the tie-up financially feasibl
During the waning days of the first dot-com boom, some of the biggest names in venture capital invested in marketplaces and directories whose sole function was to consolidate information and foster tr
Gig workers have become an essential part of our society during the COVID-19 global health crisis. But even before the pandemic, gig workers had become a staple in the lives of many people who use ser
The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company WeWork and sa
Apple has under development a feature that would allow iOS users to interact with a third-party app, even if the app wasn’t yet installed on your device, according to a report from 9to5Mac. The
We’ve spent so long asking tech to turn its attention to real-world problems. Let’s not complain when they do so now.
Shipt shoppers, which began organizing in February, are staging their first action today. Yesterday, a group of Shipt shoppers, who shop and deliver orders from Target and other stores, announced thei
DoorDash announced today it’s expanding beyond food to also deliver from convenience stores, like 7-Eleven, Wawa, Circle K, Casey’s General Store and others. The service is partnering with
San Francisco’s Board of Supervisors is pushing a number of legislative bodies to offer more protections and benefits for gig workers during the COVID-19 pandemic. As gig workers are still out d
Billions of dollars have flowed into startup investing this decade, but the era appears to be closing with the coronavirus pandemic. Limited partners are saying no to younger venture firms who are sti
This morning let's unpack what Uber said and ask if it's reasonable that investors are pushing Lyft higher alongside Uber.
Food delivery startup DoorDash, which also runs operations for Caviar, has announced its plans to provide financial assistance to delivery workers who are diagnosed with COVID-19 or quarantined. DoorD
The food delivery ecosystem suffers from a lack of differentiation, compounded by an opaque and confusing web of markups and fees.
Earlier today, San Francisco Mayor London Breed announced a shelter-in-place order in an attempt to slow the spread of COVID-19. The order legally requires people to stay home as much as possible unle
Impossible Foods, the privately held meat replacement challenger to publicly traded Beyond Meat, said it has raised roughly $500 million in its latest round of funding. The new investment brings the c
Let's run through each company's most recent profit forecasts, results, share price gains and losses, and what investors are telling the world through their recent selloff.
This morning was more of the same. More COVID-19 bad news and stock market worry. But this weekend saw other, new issues, like a collapse in oil prices and record low yields in Treasuries. What happe
Following Microsoft’s lead from late last night, some the biggest technology companies in the U.S. have agreed to pay wages for hourly employees impacted by the ongoing corporate response to the