Opinions differ on whether Uber will be blown off course by this storm.
“This is only a small bump in the road. (Uber) has become an essential habit in so many peoples’ lives. Business will go on as usual, and people have short-term memories,” says Manny Fernandez, CEO of angel investment firm DreamFunded.com
.Other observers beg to differ. Roger McNamee, founding partner at venture capital firm Elevation Partners, questions Uber’s huge capital raises — $15 billion despite lingering uncertainly about per-ride profitability — and its limited financial disclosures.
“Now the company’s horrific culture has been exposed in terms that may cause an acceleration in the #DeleteUber campaign,” he says.
Source: Uber’s Kalanick faces crisis over ‘baller’ culture
Recent data from Lux Research report shows businesses like Blue Apron and UberEATS are developing business models that show just how much diners are willing to pay for not having to prepare or pick up their own meals. Lux’s research shows that, on average, consumers are willing to pay 11 percent more for each added layer of convenience in the food chain in anything from online grocery delivery to restaurant take-out.
Source: Consumers pay more for on-demand convenience, personal touch
This week, our “Americans at Work” photo essay features photographs of millennial freelancers living in Los Angeles made by photographer Jessica Chou:
“A full-time job with one employer has been the norm for decades, but in recent years, the gig economy has steadily grown. A study by Intuit predicts that by 2020, 40 percent of the American workforce will be independent contractors. This project explores the everyday lives of young people in Los Angeles working in short-term, temporary positions as freelancers.
Source: Americans at Work: The Gig Economy Photos Jessica Chou – The Atlantic
Raising one potential solution, 56% of HR leaders believe training materials should be made publically available to freelancers so they can develop the specific skills required to fill open roles.
Source: Payroll World | Research: Gig economy set to grow
Imagine an entirely new system of employment benefits—a system that substantially closes the gap left by the ongoing decline of secure full-time employment while uniting business and labor, tech companies and small businesses, progressives and libertarians.
Source: Portable Benefits for an Insecure Workforce
Not to say “I told you so,” but we passed Peak Uber last Spring. This early innovator is following many like it into oblivion. The infrastructure will remain, but it will be someone else’s asset, probably a carmaker’s.
After a discombobulated 2016, in which Uber burned through more than $2 billion, amid findings that rider fares only cover roughly 40 percent of a ride, with the remainder subsidized by venture capitalists, it’s hard to imagine Kalanick could take the company public at its stunning current valuation of nearly $70 billion.
Source: Uber Is Doomed
The data generated by the Dash app and dongle can help manage the local on-demand economy.
Dash Labs lets users transform their regular car into a smart car. The app interfaces with a dongle, sold separately, that plugs into a port beneath the steering wheel and connects via Bluetooth.
Source: Dash Aims To Turn Driving Machines Into Data-Driven Machines | AdExchanger
Lyft is starting to build itself into partner businesses, such as providing elder transportation for retirement communities. This is the way to drive (pun intended) success in local on-demand. Become indispensable, not just inexpensive.
Today, Comfort Keepers® is announcing a partnership with Lyft, the fastest growing on-demand transportation service in the nation, which will offer a new level of senior independence and ensure that seniors can age in their homes even when they no longer can drive.
Source: Comfort Keepers® Partners with Lyft for On-Demand Transportation