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Kate Conger
App-based companies will be required to treat workers as employees after a new California bill was approved by legislators. The bill provides increased protections for workers, but threatens the profits of gig economy companies who count on inexpensive independent labor.
Lyft is turning their focus to profitability rather than growth. The company claims that operating profitability is within its sights for 2021. This change may be a reaction to growing skepticism of companies like Uber, Lyft and WeWork after previously high valuations by private investors.
This article outlines the ebb and flow of Lyft's finances and how things have played out since they went public in March.
Uber has partnered with transit agencies in various cities all over the world to bring users options to buy train tickets on their app as well. This article gives us the run-down on the newly launched program and how its working.
This article outlines the changing numbers Uber has experienced this year and the sharp declining revenue. Chief executive, Dara Khosrowshahi, weighs in on the changes.
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