Uber Technologies Inc Add to portfolio

Uber awaits renewal decision on vital London license, just five days before expiry. Transport for London (TfL) rejected the Silicon Valley company's license renewal request in 2017 due to failings it said it found in its approach to reporting serious criminal offences and driver background checks, prompting legal action. A judge in 2018 then granted Uber a probationary 15-month license, which expires on Sept. 25, after the company had made several changes to its business model in London, the firm's most important European market. Among its options are giving Uber a maximum five-year license, a shorter one, or stripping the firm of its ability to operate, almost certainly prompting an appeals process during which the app would still be able to take rides, as in 2017.

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Treating drivers as employees will alter cost calculations for Asia's booming gig economy. PALO ALTO, U.S./NEW YORK -- Asian ride-hailing startups Grab, Go-Jek and Didi-Chuxing are watching nervously for any signs of a ripple effect on the gig economy from a newly passed California law that requires companies like Uber and Lyft to treat drivers as employees, eligible for benefits and wage protections which could be costly. Gavin Newsom, independent contractors are limited to those who have established an independent trade or business, whose work does not form part of a company's core business, and whose job is not under the direct control of the hiring company. The rule change in California could serve as an example and encourage them to ask for more. But workers' rights do not seem like a priority for the Indonesian government. As one of the rare unicorns in the region, Go-Jek is in good standing with Indonesia President Joko Widodo, who sees startups as crucial to the economy.

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Uber sports a market valuation of more than $57 billion. while WeWork has raised more than $12 billion in venture capital.

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Seattle mayor wants to impose per-ride tax on Uber, Lyft. SEATTLE (AP) — Seattle would charge a new 51-cent tax on each Uber and Lyft ride in the city, and use some of that money to finish the downtown streetcar, under a proposal released by Mayor Jenny Durkan. The Seattle Times reports that Durkan expects to get about $25 million a year from the tax. She’d like to fill the $56 million budget shortfall for the streetcar, fund affordable housing and creating a new way for Uber and Lyft drivers to appeal sudden deactivations —sudden removal — from the apps.

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California’s governor on Wednesday signed sweeping labor legislation that aims to give wage and benefit protections to rideshare drivers at companies like Uber and Lyft and to workers across other industries. Gavin Newsom makes it harder for companies to classify workers as independent contractors instead of employees, who are entitled to minimum wage and benefits like workers compensation. While it affects up to a million workers, according to Gonzalez, its effect on ridesharing and meal delivery companies has seized the spotlight. Uber, Lyft and DoorDash are pushing Newsom to come up with a third option for gig companies and have threatened to spend $90 million on a 2020 ballot measure if they are not successful. "We’ve engaged in good faith with the Legislature, the Newsom administration and labor leaders for nearly a year on this issue, and we believe California is missing a real opportunity to lead the nation by improving the quality, security and dignity of independent work," Uber spokesman Davis White said in a statement.

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Want to be up to speed with what's happening in Romania? Submitted by romaniainsider on Wed, 09/18/2019 - 09:24. Uber Romania announced on Tuesday, September 17, the expansion of its global food delivery service Uber Eats in Timisoara, the second city where this service is available after Bucharest. Starting Tuesday, clients in Timisoara are able to order food from the Uber Eats app or from ubereats.com, where they can choose from over 60 existing restaurants. Orders are delivered in up to 35 minutes, on average.

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On Tuesday, Uber's Advantaged Technologies Group announced it would test its vehicles in Dallas. Don't expect to see cars without drivers on the streets just yet, though. At first, they'll only be allowed in manual mode, in which Uber collects data from vehicles with human drivers. After a self-driving car was involved in a crash that killed a woman in Tempe last year, Uber pulled its vehicles off the road in Arizona.

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Uber Freight announced today that it is expanding its signature drop trailer program Powerloop to California and that it is rolling out a new nationwide offering, Bundles, which allows carriers to book backhaul loads simultaneously with headhaul loads. ‘Other Bets', the financial reporting unit that includes Uber Freight, reported revenues of $195 million in the second quarter of 2019. While Other Bets includes Uber's scooter and bike business, we believed that Uber Freight accounts for more than 90% of Other Bets, putting Uber Freight on a $702 million annual run rate. Powerloop, which was formerly only available in Texas, will be introduced in the Los Angeles market first and then gradually expanded to the rest of California, explained Glen Stewart, Powerloop's director of operations. While Uber Freight works with its shippers and carriers to identify opportunities for Powerloop, it starts with a local network that makes managing physical assets much easier. We suspect that many of Powerloop's initial moves when it enters a market may be intra-customer, i.e., from a distribution center to a retail location and back, but Stewart said that Uber Freight approaches Powerloop and Bundle from a similar perspective.

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