In less than a month after losing out on a deal with GrubHub, Uber has made a second offer, this time looking to buy Postmates. Postmates, another upstart delivery service, has grown substantially since it was founded 9 years ago and was last valued by investors to be worth $2.4 billion. This deal could really strengthen Uber’s food-delivery business, Uber Eats, which would help to compensate for the lost revenue the company is experiencing from it’s core ride-hailing model due to Covid-19.
According to The New York Times, Uber is discussing buying Postmates for around 2.6 billion, however, this …read more
In a blog post published today, Lyft announced that they plan to start using their rideshare platform’s drivers to help accelerate autonomous vehicle technology. While AV tech has come a long way, self-driving cars are still making deadly mistakes when faced with unplanned scenarios. If autonomous vehicles are to become mainstream then they need to be able to make real-time assessments of every scenario possible.
Lyft is now equipping a subset of cars on their driver network with low-cost camera sensors to capture how human drivers react to numerous different situations on a daily basis. This will allow Lyft to …read more
Doordash has recently found themselves in the same “sinking” boat as Uber and Lyft after being faced with a lawsuit from the San Francisco district attorney over possibly mis-classifying its workers as contractors rather than employees.
The lawsuit is stemming from multiple accusations that the company failed to provide delivery workers with proper financial protection during the pandemic. District Attorney Boudin, stated that calling employees contractors “deprives them of the labor law safeguards to which they are entitled, denying workers minimum wage and overtime pay, unemployment insurance and protection from discrimination, among other things.”
DoorDash, has refuted these claims saying …read more
There has been a lot of talk recently about Uber eats potentially combining forces with Grubhub. However, the rumors were officially quelled when European delivery app, Just Eat Takeaway came out of nowhere and made a deal with Grubhub forcing UberEats to drop out.
Just Eat Takeaway acquired Grubhub for $7.3 billion, forming the world’s largest online food delivery company outside of China. This new merger is going to provide some serious competition for both UberEats and the current US market leader, Doordash.
UberEats is already in an unprofitable situation, having lost $313 million last quarter. If they had been …read more
Not much good has come out of the Covid-19 pandemic but one new law, pushed into action by Covid-19, could positively change the working landscape for gig workers.
When gig based work started decreasing due to the pandemic and stay at home orders, gig workers found themselves struggling to make ends meet with no financial help in sight. After a few weeks of living under the blight of Covid-19, Uber, Lyft and others started to put together agreements to pay drivers and delivery personnel who missed work because of the virus. Now Seattle is on the cusp of making sick …read more