Will use funds to expand portable benefits platform, accelerate membership growth, and further invest in partnerships and new channels – Stride announces $47M Series C led by King River Capital with participation from Mastercard, Allstate, and previous investors Venrock, NEA, and Fidelity’s F-Prime Capital, bringing total funding to $96M – Funding will be used to expand Stride’s work …
Continue reading “Stride raises $47M to provide affordable benefits for independent workers”
LAS VEGAS–(BUSINESS WIRE)–On stage at Money 20/20, Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced it is partnering with Branch, a leading workforce payments platform, and Uber Freight to bring fast, reliable payments and carrier-first financial services to the logistics and transportation industries. “Uber Freight is not only offering carriers greater customization and visibility in the load …
Uber, Lyft, DoorDash, and Instacart are looking to buy another law in Massachusetts by replicating Prop 22, the disastrous, virtually irrevocable California ballot measure that deprived their workers of employee status. Now, leading rideshare labor researchers from the UC Berkeley Labor Center have predicted how bad it could get—as little as $4.82/hour for Uber and Lyft drivers. …
A California law that defines app-based drivers as independent contractors is unconstitutional, a judge ruled on Friday. It is a blow to delivery and ride-hailing companies including DoorDash and Uber that contributed more than $200 million in support of Proposition 22, making it the most expensive ballot measure in state history. California voters approved the measure in November. The law shielded the …
Continue reading “CALIF.’S PROP 22 RULED UNCONSTITUTIONAL IN BLOW TO DOORDASH, UBER”
Delivery Drivers, Inc. (DDI), a leading third-party administrator specializing in last-mile labor solutions, announced a new payment platform powered by Branch for DDI driver-partners to access their payouts daily through a digital wallet. “With Branch, DDI provides independent contractors instant access to payouts with no charge to our clients or partners. And with the ability to receive …
Continue reading “Delivery Drivers, Inc. Offers New Same-Day Payment Platform”
In Airbnb’s earnings report on Thursday, the home-sharing company said sales and marketing costs in the second quarter jumped 175% to $315.3 million. DoorDash said its sales and marketing costs in the quarter climbed 154% to $427 million. Both companies are increasing marketing expenditures at a rapid clip to bring more supply into their marketplaces. …
MADRID (AP) — A new law requiring food delivery companies in Spain to hire delivery riders and drivers as employees rather than freelance contractors took effect Thursday with labor unions urging close monitoring and inspections to enforce it. Spain’s Trade Union Confederation said the so-called Riders Law would “put an end to the labor fraud …
MADRID: Deliveroo’s trademark green rucksacks may soon disappear from Spanish streets after food delivery firm said it was considering leaving that market where its riders will soon be recognized as staff. “Deliveroo is intending to consult with its employees over ending its operations in Spain,” the app-driven food delivery firm said in a statement just two …
Continue reading “Deliveroo eyes leaving Spain as riders become staff”
Richard Hernández bought Franklinville’s Sabor Rico Bakery (formerly known as A&Y) in December 2019, three months before the pandemic hit. He didn’t even get the chance to change the store’s sign before he found himself struggling to keep his small business open. While managing the store, the Puerto Rican business owner supervised the quality of …
Restaurateur Jason Chang is caught between a tech giant and dissatisfied customers and his staff are copping abuse as a result. The owner of Calia at Melbourne Emporium says “pandemic rage” is exacerbated by online platforms and causing hungry customers to vent their frustrations while oblivious to the human impact. In recent months, a driver shortage …
Continue reading “Uber Eats driver shortage leads to widespread food waste and staff abuse”
