California Assembly Bill 5 (AB5) is well on its way to being signed by the California governor and, while we’ve covered it from the driver’s perspective, it could have an even bigger affect on other industries. Senior RSG contributor John Ince covers news on AB5, plus how older drivers earn less than their younger counterparts.
In this week’s roundup, Uber is facing existential threats – from stock prices to pending legislation, what does the future hold for Uber? Senior RSG contributor John Ince tackles that question and more below.
In this week’s roundup, senior RSG contributor John Ince highlights the intriguing expose by Jalopnik on Uber and Lyft’s take rates. We’ve known about upfront pricing from Uber for a while now, but Jalopnik gathered information from over 14,000 drivers to put together an exhaustive perspective on Uber, Lyft, and just how much they take from drivers. All that and more below.
With the recent staggering announcement that Uber lost more money in a quarter than all but three public companies lost in a whole year, focus has turned to Uber’s profitability and expenses. Senior RSG contributor John Ince covers the latest Uber news, including concerns about structural issues and more, in this week’s roundup.
In all of the news from last week, you may have missed one interesting (and worrying) tibit from Square’s sale of Caviar. Senior RSG contributor John Ince breaks down what Caviar’s sale means for Uber stock investors, plus more ridesharing news, below.