Uber has announced the closure of Drizly, an alcohol delivery service it acquired three years ago for $1.1 billion. This decision to shutter Drizly comes as part of Uber’s strategic business moves, signaling the end of its venture into alcohol delivery. Read the rest here
The article discusses the negative impact of California’s regulatory actions against gig work. It highlights that the state’s policies, aimed at protecting workers, have led to job losses instead. Read the rest here.
Uber is contemplating the acquisition of Instacart, sparking a surge in Instacart’s stock prices. Analyst speculation points to Uber’s interest in entering the grocery sector, potentially through the acquisition of the popular grocery delivery company Instacart. Read the rest here
Uber and Lyft have asserted that the recent federal rule tightening worker classification standards will not impact their drivers. The Biden administration implemented the new labor rule to address the misclassification of workers as “independent contractors.” The rule instructs employers to consider six criteria in determining worker classification. Despite concerns raised by some, both ride-sharing companies, Uber and Lyft, are confident that their drivers will not be affected by the changes. The article emphasizes the challenges companies face in navigating the complexities of the new guidelines and the need to carefully evaluate each criterion. Read the full article here.
An Uber driver made headlines for an act of kindness during the holiday season. While driving a 16-year-old passenger to John Hawkins Parkway, the driver discovered that the teenager had left behind $8,000 in cash in the back seat. The money was a Christmas gift from the teen’s father. The driver, identified as Kamau, took immediate action and returned the substantial amount to the young passenger. This selfless act not only ensured the safe return of the significant sum but also exemplified the spirit of goodwill during Christmas. Read the rest here