Tag: Uber
Uber Eats beefs up its grocery delivery offer as COVID-19 lockdowns continue
Uber Eats has beefed up grocery delivery options in three markets hard hit by the coronavirus. Uber’s food delivery division said today it’s inked a partnership with supermarket giant Carrefour in France to provide Parisians with 30 minute home delivery on a range of grocery products, including everyday foods, toiletries…
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Uber co-founder Garrett Camp steps back from board director role
Uber co-founder Garrett Camp is relinquishing his role as a board director and switching to board observer — where he says he’ll focus on product strategy for the ride hailing giant. Camp made the announcement in a short Medium post in which he writes of his decade at Uber: “I’ve…
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Lime’s valuation, variable costs and diverging categories of on-demand companies
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. We’re wrapping the week with Lime, scooters and the divergence between Uber and Lyft and their two-wheeled rivals. It’s been a hectic year for ride-hailing, but an even more turbulent…
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Gig workers could get unemployment benefits under $2 trillion Senate stimulus bill
The Senate’s historic $2 trillion stimulus package will make history in one more way: by providing some financial assistance to gig workers. Late last night, the Senate passed a $2 trillion stimulus bill in response to the COVID-19 pandemic. As part of the bill, which makes its way to the…
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Stocks blast higher on expectation of sweeping federal action
There are no free market fanatics on corporate boards the moment the economy wobbles. Today makes the point, with stocks shooting higher on the back of news that a sweeping federal package of aid and stimulus should soon pass Congress. The goal of the financial package is to blunt the…
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NYC’s taxi and limo commission is offering gig workers delivery jobs during COVID-19 pandemic
To help gig workers make ends meet during these times of job insecurity amid COVID-19, the New York City Taxi and Limousine Commission is offering gig workers who are licensed with the TLC to help with delivery work. While the demand for drivers is currently small, the TLC says it…
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