“It is clearly profit and profit only that is the motive for designating workers as self-employed,” Labour MP Mark Field said. “The companies get all the benefits, while workers take on all the risks and the state will be expected to pick up the tab.
It’s worth noting that Labour seems headed for a disaster in the upcoming British snap election. This sentiment may pass in the U.K., but it remains an active debate globally.
Source: Gig Economy Companies Have Been Accused Of “Free Riding” On The Welfare State
“It went from clear skies to a hurricane in about 24 hours,” George said, declining to name the carmaker. “Functionally, Bridj is no more.”
Source: Bridj, local on-demand bus service, is shutting down – The Boston Globe
In a single, shortish sentence Mondelez has done something special. It has evoked not one, but 10 top business clichés, each of which is begging to be banned.
Source: Mondelez serves up 10 business clichés in one sentence
Not a bubble, but the decline of poorly conceived labor engagement.
Frequency of use: Winners will avoid the trap of episodic customer behavior by focusing on areas where the product actually needs to be used frequently.
Source: Uber, Lyft, Airbnb, and the on-demand economy is a bubble—and it’s about to burst — Quartz
Here’s a tip for those of you thinking about your brand. Take a lesson from Travis Kalanick and Donald Trump: Don’t make absurd “biggest” and “best” claims about what you’ve done. They don’t buy you any good will and are easy to debunk.
In a 2014 Financial Times interview, Kalanick also claimed to be “number seven in the country in Angry Birds.” In all these profiles, the boast is supposed to reflect a wider drive to win at pursuits others treat less seriously. “If somebody gives me a casual game and says, ‘OK, here’s the world record,’ I’ll just go until I’m there,” Kalanick told the Financial Times. For more details on the “Wii Tennis” story, we need to rely on Chris Sacca…
“I have a confession to make, Mr. Sacca. I’ve played a fair amount of Wii Tennis before,” [Kalanick said]. While talking, he used his controller to navigate through the settings pages on the Wii to a list of high scores. “In fact,” he continued, “on the Wii Tennis global leaderboard, I am currently tied for second in the world.”
Reading this detailed explanation only set off more alarm bells in my head. Wii Sports doesn’t have any “global leaderboard,” as Sacca claims. There is no “settings pages” on the system or the game to let you compare your performance to anyone else online. I literally wrote an entire reference book about the Wii, in which Wii Sports filled an entire chapter, so I’m pretty confident on this point.
Source: Was Uber’s CEO really the second-best Wii Sports tennis player? | Ars Technica
Mr. Levandowski’s shift in role appears designed to shield Uber from any perception of impropriety during the litigation. But legal scholars question whether the change will be effective.
Source: Uber Executive Steps Back From Self-Driving Cars During Waymo Legal Fight – The New York Times
The round was said to have raised the four-year-old startup’s valuation to about $50 billion, up from a previous $34 billion after its acquisition of Uber’s China business. That price tag would surpass smartphone maker Xiaomi Corp.’s and make Didi the world’s most valuable startup after Uber. Didi amassed $10 billion in cash and equivalents last year, but the deal yields more ammunition as it prepares to challenge Uber and Alphabet Inc. in automated driving, and buys the company time to carve out new reven
Source: China’s Didi Raises Over $5.5 Billion in Record Tech Funding – Bloomberg
If it happens this time, the new Apple product would compete with offerings from big U.S. banks as well as PayPal, its millennial-popular subsidiary Venmo, as well as Square Cash in the increasingly competitive world of digital money-transfers. Chase’s QuickPay service processed $28 billion in transfers last year, while Venmo registered $17.6 billion in volume and is still doubling year over year.
Source: Apple is in talks to launch its own Venmo – Recode
The insurance policy announced Thursday will only be available to drivers in the U.K. Those who have completed more than 500 rides will be eligible to pay 2 pounds ($2.58) per week for benefits that covers sickness and injury, jury service, as well as a 50,000-pound payout if an accident results in death or disablement. Uber says it’s contributing to the benefits package, which it says is worth 8 pounds per week.
Source: Uber Gives U.K. Drivers Option to Buy Disability Benefits – Bloomberg
GrubHub reports a profit of $0.29-a-share.
The company recorded a 26 percent jump in active diners for the first quarter, to 8.75 million from 6.97 million a year ago.
Source: GrubHub shares spike 19% after company reports a surge in active diners