Airbnb goes IPO, Lyft gets hungry, and Prop 22 goes national. LegalRideshare breaks it down.
Airbnb said bookings on its platform fell by 72% in April from the year before. But, in June through September, the company said it began to see a rebound with bookings down around 20% from the year prior. To mitigate those losses, Airbnb laid off 1,900 employees, 25% of its staff, in May. It also raised $2 billion in debt funding in April.
Uber adds booking, Prop 22 woes and DoorDash going public. LegalRideshare breaks it down.
Uber goes up. Shares of the company popped up over 7.38%. The reason? A COVID-19 vaccine is on the way. Techcrunch reported:
Uber’s share pop is notable beyond this one-day vaccine-news boost. This is the highest close for Uber since its public market debut in May 2019. …
Prop 22 passes, scooters give bikes a boost, and a win for disabled rights. LegalRideshare breaks it down.
On election eve, an Uber Engineer quit over pressure to support Prop 22. KQED explains:
“I felt like I was stripped of my voice because if I said anything there would be a conflict of interest or it would affect the financials of the company. That’s a weird place to be in. It’s something I didn’t want to normalize,” he said.
Finally, in the middle of the pandemic and without another job, he decided he would quit. …
Drivers go after Uber, new features on the app, and grocery service comes to Manhattan. LegalRideshare breaks it down.
A new lawsuit aimed at Uber claims they fire drivers based on a racially-biased system. NPR reported:
“Uber has long known that relying on a system that depends on passenger evaluation of drivers is discriminatory,” wrote the driver’s attorney, Shannon Liss-Riordan, in the federal lawsuit, which was filed in San Francisco and is seeking class-action status. The suit claims Uber fires drivers if their average ratings drop too low.
Uber and unions go head-to-head, house parties cause chaos and engineers in India. LegalRideshare breaks it down.
The New York Times sounded off on Prop 22 with some choice words: “Reject it.” They added:
Uber and Lyft especially have exerted meaningful control over their workers, including by setting base fares, dictating which routes to take and even denying drivers access to the apps — all without recourse.
MESA, AZ — An Uber driver has been arrested on charges of aggravated assault with a deadly weapon, endangerment and disorderly conduct, after he allegedly fired a gun at five rideshare passengers, following an argument over face masks, on Friday, October 9, 2020, in Mesa, Arizona.
During the ride, at approximately 1:00 a.m., the driver allegedly noticed a passenger’s face mask had slid below her nose. The driver, Peter Caso, allegedly demanded that the passenger fix her face covering. Minutes later, the passenger’s mask slipped again. …
Voters get fed, an engineer speaks out, and Waymo rolls onto the road. LegalRideshare breaks it down.
In an effort to keep voters happy, Uber Eats is rolling out food trucks. Travel+ Leisure explains:
The rideshare company will send out 180 food trucks to dozens of cities across the country, handing out everything from Nashville hot chicken to doughnuts and burgers to people waiting to vote, Uber shared with Travel + Leisure.
Self-driving stalls, Seattle drivers win big and chargers get drained. LegalRideshare breaks it down.
Five years, half a mile and $2.5 billion. That’s what Uber has produced so far for its self-driving vehicles. The Information explains:
“The car doesn’t drive well” and “struggles with simple routes and simple maneuvers,” said a manager in the unit, in a 1,500-word email sent three weeks ago to Uber CEO Dara Khosrowshahi, warning of the issues.
Uber offers new options, voters cool to Uber’s proposal, and riders get banned. LegalRideshare breaks it down.
Uber’s self-driving division is slipping. At least that’s what the investors are saying. Bloomberg explains:
“In recent months, the company’s two largest shareholders, SoftBank Group Corp. and the venture firm Benchmark, have privately encouraged Chief Executive Officer Dara Khosrowshahi to find more investors for the division, which is expected to exhaust its funds by the end of 2021, and re-evaluate its strategy, according to people familiar with the situation.”
Uber for Business makes a pandemic shift. Techcrunch explains:
For starters, the company is introducing Employee Group Rides. Group might be an overstatement, as it involves two employees in the same area sharing an Uber for the purpose of getting to or from work. It works in a similar fashion to the way Uber Pool worked, except it only involves matching employees at the same company. …
Uber woos London, the $100K goal, and self-driving disasters. LegalRideshare breaks it down.
After Uber was kicked out of London, it has attempted to get in the city’s good graces. Reuters explains:
“We have worked hard to address TfL’s concerns over the last few months, rolled out real time ID checks for drivers, and are committed to keeping people moving safely around the city,” said its Northern and Eastern Europe boss Jamie Heywood.
Want to make $100K a year for Uber? You can….if you want to drive yourself to death. Vice reported:
The video’s core premise of projecting one month’s earnings into the year is absurd once you step back and ask whether a human being should spend 12 hours a day, 7 days a week, 365 days a year, inside of their car. …