california California Landmark Law Forces Gig Companies to Reclassify Workers California's governor signs AB5, a groundbreaking law that requires gig economy companies like Uber and Lyft to treat their workers as employees rather than independent contractors.
uber Uber Surveys Drivers About Small Loans Amid Fintech Hiring Spree Uber is exploring a new financial product for drivers, sending in-app surveys about small loans under $1,000. This move follows a recent hiring spree of over 100 fintech workers in New York.
doordash DoorDash Overhauls Tipping Policy After Customer Backlash DoorDash introduces a new compensation model that ensures every tip goes directly to delivery workers. The update replaces a controversial system that used customer tips to subsidize base pay.
venmo Venmo Introduces Fee-Based Instant Transfers Direct to Bank Accounts Venmo now allows users to send funds directly to their bank accounts within minutes for a 1% fee. The update provides a faster alternative to the standard one-to-three day transfer process.
uber Uber's Stock Market Debut Falls Short of Lofty Expectations Uber opens below its IPO price and closes down 7.6 percent on its first day of public trading. Despite the disappointing debut, the ride-hailing giant secures billions in new capital.
uber Uber Drivers Protest Low Pay Ahead of Highly Anticipated IPO Ride-hailing drivers in multiple major cities go on strike just before Uber makes its stock market debut, demanding better wages and working conditions. The protests highlight the ongoing debate over gig economy labor practices.
uber Uber Drivers Strike Worldwide Over Low Pay Ahead of Massive IPO Ride-hailing drivers across the globe log off their apps to protest unfair wages and working conditions just days before Uber's highly anticipated public offering.
uber Ride-Hailing Drivers Strike Against Uber and Lyft Ahead of Major IPO Uber and Lyft drivers across the U.S. and London log off their apps to protest low wages and poor working conditions just days before Uber's public debut. The strikers demand job security, transparent pay, and an end to gig economy exploitation.
lyft Lyft Debuts on Nasdaq With Strong Pop Despite Record Losses Lyft makes its public debut on the Nasdaq with a 21 percent pop in its opening price, valuing the ride-hailing company at $24 billion. The highly anticipated IPO sets the stage for upcoming gig economy offerings like Uber.
didi chuxing Didi Chuxing Introduces Insurance and Credit Services Amid Driver Regulations Didi Chuxing is launching in-app insurance and lending options for drivers and passengers as strict new licensing rules threaten to shrink its workforce.
china New Regulations Crush China's Part-Time Ride-Hailing Gig Economy Strict new licensing requirements effectively end part-time ride-hailing work in China by forcing drivers to register personal vehicles as commercial cars. The resulting costs and residency restrictions push millions of casual workers off platforms like Didi.