Home Legal Advice This Week in Rideshare: IPO, Delivery, and Prop 22 – Legal Reader

This Week in Rideshare: IPO, Delivery, and Prop 22 – Legal Reader

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Airbnb goes IPO, Lyft will get hungry, and Prop 22 goes nationwide. LegalRideshare breaks it down.


From falling bookings to probably vanishing robotic vehicles, it’s all right here in This Week in Rideshare!

MONDAY 11/16/20

Airbnb has formally filed for IPO standing at the same time as bookings sank. CNETreported:

Airbnb stated bookings on its platform fell by 72% in April from the yr earlier than. But, in June via September, the corporate stated it started to see a rebound with bookings down round 20% from the yr prior. To mitigate these losses, Airbnb laid off 1,900 employees, 25% of its employees, in May. It additionally raised $2 billion in debt funding in April.

TUESDAY 11/17/20

It seems to be like Uber could also be ditching its self-driving division. New York Post explains:

Just final yr, Uber’s ATG had raised $1 billion at a $7.25 billion valuation. But the enterprise arm has struggled to make significant advances, and faces intense competitors from Alphabet-owned Waymo and Apple’s autonomous car efforts.

WEDNESDAY 11/18/20

Lyft cranks up its security options after partnering with ADT. The Rideshare Guy explains:

Emergency Sign; picture courtesy of Manual on Uniform Traffic Control Devices by way of Wikimedia Commons, https://commons.wikimedia.org

Lyft is stepping up their dedication to security for drivers and passengers alike by rolling out Emergency Help, supported by ADT to 100% of drivers and riders nationwide on Wednesday, Nov. 18, 2020.

Within the Lyft driver app, a driver would merely click on the down arrow within the higher right-hand corner, select “Get emergency help” from that menu, and swipe to activate to have ADT call them whereas notifying 911.

THURSDAY 11/19/20

It seems to be like Lyft is getting hungry…for its own Uber Eats. Sfist.com explains:

But Lyft thinks they’ve an answer in providing decrease supply charges, or possibly even no charges in any respect. Restaurant commerce publication Restaurant Dive quotes Lyft co-founder and president John Zimmer as saying, “What’s happening to restaurants in the time like this, when they sell food on a platform, like Uber Eats, they get charged 20% to 30%, they lose 20% to 30% of their revenue to that platform.” Zimmer supplied little element, although, on how Lyft’s things to eat supply knockoff can be cheaper.

FRIDAY 11/20/20

After the profitable push for Prop-22 in California, gig corporations are taking the struggle nationwide. CNET explains:

Spokespeople for Uber, Lyft, Instacart and DoorDash confirmed to CNET that the businesses are planning to deliver their Proposition 22 mannequin nationwide, saying that’s what gig staff need.

The emails to drivers like Schaal characterize only one factor of Uber’s broader technique to go countrywide. In August, the corporate revealed a white paper outlining “priorities for industry and government action” on gig employee classification state by state. That similar month, Uber let go findings from a nationwide survey it commissioned on what drivers and voters take into consideration staff being labeled as unbiased contractors. The firm has additionally employed a record number of federal lobbyists and created an information portal for drivers titled “Together, we can reinvent independent work.”

LegalReader thanks our pals at LegalRideshare for permission to republish this piece. The authentic is discovered here.

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