Keeping loss-making giants like WeWork flush with VC cash is killing competition August 14, 2023 WeWork hasn't had to turn a profit because an endless amount of venture capital cash has allowed them to challenge all other workspaces, writes Jordan Greenaway.
Uber launches world’s first Uber Boat with Thames Clippers July 8, 2020 Uber is today revealing its first permanent commuter boat service, launching in London with Thames Clippers. Branded Uber Boats will travel from piers along the Thames from Putney to Woolwich, available in the Uber app. Passengers can book tickets via the app, and then scan a QR code to board the Uber Boat. However the service [...]
Exclusive: Uber’s UK boss ‘optimistic’ it will win back London licence July 16, 2020 Uber’s UK boss is “optimistic” that the firm will win back its licence in the capital when courts decide in September. Transport for London (TfL) banned the ride-hailing app in London at the end of last year. It said Uber had unlicensed operators upload photos on other people’s accounts, leading to at least 14,000 trips [...]
Bolt to face court battle over drivers’ employment rights October 6, 2022 Ride-hailing app Bolt is set to face a class action lawsuit calling for it to class its drivers as workers rather than self-employed contractors. Law firm Leigh Day has filed a claim against Bolt on behalf of more than 1,600 of its drivers in calling on the Estonian tech company to give its drivers holiday [...]
Musk is right to envisage a SuperApp, but why would anyone trust him to do it? October 17, 2023 Elon Musk's vision for a Twitter SuperApp is very in vogue, but he has to convince people to give up Apple in favour of his product.
Uber wins bid to regain London operating licence September 28, 2020 Uber has won its legal bid to regain its licence to operate in London after a long-running court battle. Deputy senior district judge Tan Ikram said that despite its previous failings, the firm was now “fit and proper” to hold a licence. Ikram decided to give the firm a licence to operate for 18 months, [...]
Gig workers on the verge of wider employee rights under EU plans December 9, 2021 The European Commission announced this morning draft rules to give workers at online platform companies such as Uber and Deliveroo better social rights, but which companies say could lead to job losses and more litigation in court.
Monzo set to finalise new £500m fundraising in deal with top tech investor April 28, 2024 Digital bank Monzo is in the process of finalising a new expanded fundraising with major tech investor Hedosophia, according to reports.
Prop 22: Uber and Lyft win California bid to class drivers as contractors November 4, 2020 Uber and Lyft have secured a major victory today after winning a vote in California that allows the ride-hailing apps to continue classing their drivers as contractors rather than employees. Voters in California yesterday passed Proposition 22, a state ballot measure that will enable companies in the gig economy to bypass labour laws. Roughly 58 [...]
Burger King UK’s revenue spikes after restaurants revamped and new sites opened August 12, 2024 Burger King has reported a rise in sales and revenue in 2023 after a boost from new restaurant openings. Revenue spiked by a huge 30 per cent, although like-for-like sales only rose by three percent. The rise in revenue was due to growth in the “existing estate and new restaurants”, as well as “good cost [...]