Posts filtered by tags: Khosrowshahi[x]


 

Human Capital: Moving away from ‘master/slave’ terminology

TGIF, am I right? Welcome back to Human Capital, where we explore some of the latest news in labor, and diversity and inclusion in tech. This week, we’re looking at the use of “master/slave” terminology in computer programming and the current state of gig workers in California. Human Capital will soon be available as a weekly newsletter. You can sign up here. Stay Woke GitHub to sunset master/slave terminology  This probably isn’t news to developers, but it was news to me when I found out...
Tags: Google, TC, Lyft, Uber, Microsoft, California, Los Angeles, San Francisco, Tech, Diversity, Jeff Bezos, Seattle, UC Berkeley, Human Capital, Cnet, Logan Green


Mark Cuban, Marc Benioff, Robert Downey Jr., Gwyneth Paltrow, and Uber CEO Dara Khosrowshahi are investing in toilet paper

A slew of big name entrepreneurs and celebrities are really circling the drain with their latest investment. Led by Greycroft Partners, a who’s who of celebrity investors including: Mark Cuban, Marc Benioff, Iron Man and Pepper Potts (er… Robert Downey Jr. and Gwyneth Paltrow), Uber’s chief executive Dara Khosrowshahi, Seattle Seahawks quarterback Russell Wilson, Ashton Kutcher and Guy Oseary’s Sound Ventures, and  Code.org founder Hadi Partovi are investing $3 million into the new toilet paper ...
Tags: TC, Robert Downey Jr, US, Tech, Gwyneth Paltrow, Greycroft, Hadi Partovi, Ciara, Guy Oseary, Watkins, Engel, Sound Ventures, Fritsch, Dara Khosrowshahi, Pepper Potts, Khosrowshahi


Lossmaking Giant Uber, Hoping To Stay Around For Decades, Says It is Aiming For 100% Zero-Emission Transport by 2040

Uber has announced several new commitments, initiatives, and product expansions designed to address climate change. From a report: In a virtual press event this morning, Uber CEO Dara Khosrowshahi cited the positive impact that the global lockdown has had on the environment, with "blue skies replacing smog above city skylines" and many cities using the pandemic to "rethink their infrastructure." However, with pollution rising again as normal routines resume, Khosrowshahi said that rather than "g...
Tags: Europe, Tech, Canada, Dara Khosrowshahi, Khosrowshahi, Zero Emission Transport, First up Uber


Committing to a fully zero-emission fleet by 2040, Uber is dedicating $800 million to electrifying its drivers

Ride hailing giant Uber is committing to become a fully zero-emission platform by 2040 and setting aside $800 million to help get its drivers using electric vehicles by 2025. The company said that it would invest further in its micro-mobility options as well with the goal of having 100 percent of its rides take place on electric vehicles in the US, Canada, and European cities in which the company operates. Uber also said it would commit to reaching net-zero emissions from its own corporate...
Tags: TC, Electric Vehicle, Uber, Europe, Japan, London, India, US, San Francisco, Chief executive officer, Tech, Chicago, Canada, United States, Paris, Transport


Uber will require passengers to prove they're wearing a mask with a selfie if a driver reports them for not wearing one

A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the
 Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. The drivers called for California to enforce the AB 5 law so that they may qualify for unemployment insurance as the spread of COVID-19 continues. Drivers also called for receiving back wages they say they are o...
Tags: Transportation, Uber, News, California, Masks, Trends, Los Angeles California, AB, Dara Khosrowshahi, Mario Tama Getty, Ride-hailing, Tech Insider, Khosrowshahi, Graham Rapier, Rideshare Drivers United, Coronavirus


Uber and Lyft have poured millions of dollars into a November ballot measure to keep California drivers paid as independent contractors without benefits (UBER, LYFT)

Proposition 22 is a November ballot measure that aims to exempt ride-sharing and food-delivery firms from AB5, a California gig worker law that forces Uber and Lyft to classify their drivers as employees. Prop 22 was created and funded by Uber, Lyft, Doordash, Postmates, and Instacart as a way to skirt AB5. Uber, Lyft, and DoorDash have given $30 million to support the measure. If Californians vote the measure into effect in November, Uber and Lyft will get exactly what they want and will be a...
Tags: Lyft, California, Washington Post, Stanford, Trends, New York Times, Donald Trump, Instacart, Trump, San Francisco Chronicle, Uber Lyft, Xavier Becerra, Dara Khosrowshahi, Khosrowshahi, Assembly Bill, San Francisco Chronicle Uber


Last-Minute California Ruling Means Uber and Lyft Won't Shut Down Today

An anonymous reader quotes a report from Ars Technica: A California judge has granted Uber and Lyft an emergency reprieve from an order requiring them to treat their drivers as employees. The companies were facing a Thursday deadline to comply with the order. Earlier today, Lyft announced that it would be forced to shut down in the state at midnight tonight. Lyft said it was being forced to shut down its California operations by a 2019 California law, AB 5, that forces ride-hailing companies to ...
Tags: Lyft, Uber, California, Tech, AB, Kara Swisher, Scott Galloway, Dara Khosrowshahi, Khosrowshahi, Pivot School


Uber and Lyft Just Can’t Stop Flouting the Law

Both are threatening to pull out of California this week over a law requiring them to treat their workers as full-fledged employees.
Tags: News, California, Dara, Uber Technologies Inc, Lyft Inc, Car Services and Livery Cabs, Wages and Salaries, Mobile Applications, Labor and Jobs, Khosrowshahi, Paid Time Off


Uber CEO On the Flight In California: 'We Can't Go Out and Hire 50,000 People Overnight'

In a podcast interview Wednesday, Uber CEO Dara Khosrowshahi rejected the notion his company is capable of employing all of its drivers in California, as a state judge has ordered it to do so [and comply with AB5, the state law that makes it more difficult for companies to use independent contractors]. The Verge reports: "We can't go out and hire 50,000 people overnight," Khosrowshahi said on the Pivot School podcast hosted by Kara Swisher and Scott Galloway. "Everything that we have built is ba...
Tags: Lyft, Uber, California, San Francisco, Tech, Kara Swisher, Scott Galloway, Dara Khosrowshahi, Khosrowshahi, Pivot School


Uber and Lyft Are Toying With Drivers’ Livelihoods

Both are threatening to pull out of California this week over a law requiring them to treat their workers as full-fledged employees.
Tags: News, California, Dara, Uber Technologies Inc, Lyft Inc, Car Services and Livery Cabs, Wages and Salaries, Mobile Applications, Labor and Jobs, Khosrowshahi, Paid Time Off


Uber and Lyft are considering franchise models to avoid shutdowns in California, but warn that they could be more expensive and less reliable (UBER, LYFT)

Uber and Lyft have both threatened to temporarily shut down their apps in California if a court ruling saying workers must be classified as employees, not contractors, holds. Last week, a state judge ruled against the companies and said they must classify drivers as employees.  The New York Times reported Tuesday that the companies have considered alternative models, including franchising, in order to comply legally while not having to completely overhaul their business models.  Visit Business...
Tags: Lyft, Uber, California, Trends, New York Times, Msnbc, John Zimmer, Jpmorgan, Uber Black, Dara Khosrowshahi, Khosrowshahi, Ethan Schulman, The New York Times In


Uber and Lyft Consider Franchise-Like Model in California

Under pressure to classify their freelance drivers as full-time employees, the ride-hailing companies are discussing another option.
Tags: Freelancing, News, California, Automobiles, Zimmer, Dara, Uber Technologies Inc, Lyft Inc, Car Services and Livery Cabs, Computers and the Internet, Franchises, Wages and Salaries, Mobile Applications, State Legislatures, Labor and Jobs, Khosrowshahi


Uber and Lyft threaten to temporarily shut down in California over labor disputes (UBER)

Both Uber and Lyft said they could temporarily shut down in California if forced to consider its drivers employees.  On Monday, a court ruled in favor of labor activists in ordering Uber and other gig-work firms to pay workers as employees, not contractors. The companies requested a 10-day stay on the ruling.  A group of companies that rely on independent contractors have proposed a "third" way of classifying workers, including a benefits pool that can follow workers across apps and platforms ...
Tags: Lyft, Uber, New York, California, US, Trends, Msnbc, Cnbc, AG, Executives, Uber Lyft, Uber and Lyft, Xavier Becerra, Dara Khosrowshahi, Khosrowshahi, Mekela Edwards


Uber CEO Says Its Service Will Probably Shut Down Temporarily in California if It's Forced To Classify Drivers as Employees

Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it to classify its drivers as full-time employees, CEO Dara Khosrowshahi said in an interview. From a report: "If the court doesn't reconsider, then in California, it's hard to believe we'll be able to switch our model to full-time employment quickly," Khosrowshahi said. Uber and rival Lyft both have about a week left to appeal a preliminary injunction granted by a California judge o...
Tags: Lyft, California, Tech, Dara Khosrowshahi, Khosrowshahi


Uber CEO says service faces temporary shutdown in California over worker reclassification ruling

Uber could be forced to shut down its ride-hailing app in California for several months if a court doesn’t overturn a recent ruling that classifies its drivers as full-time employees, CEO Dara Khosrowshahi said in an interview with MSNBC. “It’s hard to believe we’ll be able to switch our model to full-time employment quickly,” Khosrowshahi said, noting it would force the company to temporarily shut down. Khosrowshahi’s comments are consistent to language in a motion filed Tuesday by Uber followi...
Tags: Transportation, Lyft, California, San Francisco, Tech, Automotive, Msnbc, Court of Appeals, AB, Los Angeles San Diego, Xavier Becerra, Dara Khosrowshahi, California Superior Court, Khosrowshahi, Ethan Schulman


Uber CEO threatens to temporarily shut down the app in California over labor disputes (UBER)

Uber's CEO said the company could temporarily shut down in California if forced to consider its drivers employees.  On Monday, a court ruled in favor of labor activists in ordering Uber and other gig-work firms to pay workers as employees, not contractors.  A group of companies that rely on independent contractors have proposed a "third" way of classifying workers, including a benefits pool that can follow workers across apps and platforms while maintaining flexibility.  Visit Business Insider...
Tags: Lyft, Uber, New York, California, US, Trends, Cnbc, AG, Uber Lyft, Uber and Lyft, Xavier Becerra, Dara Khosrowshahi, Khosrowshahi, Mekela Edwards


A California judge ruled that Uber and Lyft have to classify their drivers as employees, not contractors (UBER, LYFT)

Uber and Lyft will have to treat their California drivers as employees rather than independent contractors, a judge ruled Monday. The two companies were sued by the California attorney general to enforce a new labor law passed earlier this year by the state that requires gig workers to receive the same benefits and treatment as full-time employees. Uber and Lyft both plan to appeal Monday's ruling. The companies have argued that reclassifying drivers as employees could wreak havoc on their bus...
Tags: Lyft, California, Trends, Bloomberg, New York Times, Business Insider, San Francisco Superior Court, Uber Lyft, Uber and Lyft, Dara Khosrowshahi, Khosrowshahi, An Uber, Rideshare Drivers United, Mekela Edwards, Ethan Schulman, We Drive Progress


Uber CEO Calls For 'Benefits Funds' for Gig Workers

Uber CEO Dara Khosrowshahi on Monday said its drivers should get the "best of both worlds" -- benefits and work flexibility. In an op-ed published in The New York Times, Khosrowshahi proposed that lawmakers require gig economy companies to create benefits funds, which would "give workers cash that they can use for the benefits they want, like health insurance or paid time off." From a report: "Our current employment system is outdated and unfair. It forces every worker to choose between being an...
Tags: Lyft, California, Tech, New York Times, Dara Khosrowshahi, Khosrowshahi


Uber CEO Dara Khosrowshahi says gig economy companies should be required to establish 'benefits funds' for workers instead of treating them as full-time employees (UBER)

Uber CEO Dara Khosrowshahi said companies like Uber should be required by law to provide "benefits funds" to gig workers in a New York Times op-ed published Monday. Khosrowshahi said the gig-work employment system is "outdated and unfair," and called for laws that would require companies to provide gig workers more benefits without classifying them as full-time employees. Gig workers have called on companies like Uber to give gig workers more benefits that full-time employees receive, like hea...
Tags: Uber, California, Trends, New York Times, Dara Khosrowshahi, Khosrowshahi


Brand Moves for Monday August 10

Twenty-four weeks ago, when the gravity of the situation became clear, we started daily reporting on how brands were dealing with the COVID-19 crisis. What’s now becoming clear is that the current climate is one of near-perpetual disruption. So we made the decision to keep on telling the stories of inspiring brand leadership and strategy amid the latest crises in an anxious world. Our goal remains the same: to provide an up-to-the-minute source of information, inspiration and insight on brand m...
Tags: Apple, Amazon, Facebook, Hong Kong, Microsoft, Minneapolis, Youtube, China, New York City, Israel, Uncategorized, Advertising, Disney, US, Eu, Mit


Coronavirus Clobbers Uber, Leading To $1.8 Billion Quarterly Loss

In the second quarter of 2020, Uber announced that its ride-hailing business plunged by 75 percent compared with a year earlier -- from $12.2 billion to $3 billion. "That was offset somewhat by rapid growth in Uber's delivery business," reports Ars Technica. "Delivery bookings more than doubled from $3.4 billion to $7 billion." From the report: The company lost $1.8 billion in the second quarter on a GAAP basis. Ignoring one-time charges, Uber has been losing around $1 billion per quarter for th...
Tags: Uber, Tech, Dara Khosrowshahi, Khosrowshahi, Ars Technica Delivery


Uber's CEO took a shot at labor groups, accusing them of being driven by 'politics' in the massive fight over drivers' employment status (UBER, LYFT)

Uber CEO Dara Khosrowshahi slammed labor groups that oppose the company's stance on drivers' employment status, accusing them of being motivated by "politics." During a call with investors Thursday, Khosrowshahi said groups on Uber's side of the issue, conversely, "actually are taking into account the wants and needs of drivers." Uber and other gig economy companies are engaged in a massive legal and political battle, most notably in California, over whether their drivers are employees or inde...
Tags: Lyft, Uber, Labor, California, Trends, Barclays, San Diego, Instacart, Irs, Los Angeles San Francisco, AB, Dara, Ramos, Uber Lyft, Dara Khosrowshahi, Khosrowshahi


Uber shares drop 4% after it loses more money than expected in Q2

Today after the bell, American ride-hailing giant Uber released its second quarter results. The company’s revenue fell compared to both the year-ago quarter (Q2 2019), and the sequentially-preceding period (Q1 2020). Investors had anticipated Uber’s declines due to COVID-19, and the company had spent time earlier this year assuring the investing public that it had enough cash to get through 2020 no matter what. In the second quarter, Uber saw gross bookings of $10.2 billion, off 35% compared ...
Tags: TC, Uber, Asia, Hong Kong, India, Tech, New Zealand, EBITDA, Dara Khosrowshahi, Khosrowshahi, IPO Uber, Shares of Uber


Uber’s Revenue Craters, as Deliveries Surge in Pandemic

Uber said revenue fell 29 percent in the second quarter because people traveled less, but food deliveries soared.
Tags: News, Uber Eats, Dara, Uber Technologies Inc, Company Reports, Car Services and Livery Cabs, Khosrowshahi, Delivery Services, Coronavirus (2019-nCoV


Uber is set to reveal how badly the coronavirus hurt its business in the 2nd quarter. Here's what to expect from its pivot to food delivery. (UBER)

Uber will report its second-quarter earnings on Thursday afternoon.  The company saw its core ride-hailing business hobbled by the coronavirus pandemic in the spring and going into summer, and said a worst-case scenario for the year could see requests sink up to 80%.  To make up the difference, Uber has aggressively invested in food delivery, including a deal to buy Postmates. Visit Business Insider's homepage for more stories. Uber on Wednesday will release its second-quarter financial data,...
Tags: Lyft, Uber, Hong Kong, Europe, California, US, Trends, Bank Of America, United States, Postmates, Doordash, Dara Khosrowshahi, Khosrowshahi


Uber is committing $10 million to helping Black-owned small businesses in a pledge to be an 'anti-racist company' (UBER)

Uber is committing to becoming an "anti-racist company," including investing $10 million in helping Black-owned small businesses. In a blog post published Friday, Uber CEO Dara Khosrowshahi said the company "must do more" to combat racial inequality, both within its ranks and in the communities it serves.  Uber says it will expand anti-racism trainings for drivers as well as riders, create customer support positions that specialize in bias and discrimination issues, and hire more Black manager...
Tags: Uber, Trends, Black, Reuters, University of Washington, Stanford MIT, Dara Khosrowshahi, Khosrowshahi, Liane Hornsey Uber, The Atlantic A George Washington University


Want More Diversity? Some Experts Say Reward C.E.O.s for It

Only a small number of large companies have tied executive compensation to goals for hiring and promotion of workers from underrepresented groups.
Tags: News, Corporate Social Responsibility, Black People, Discrimination, Bonuses, Hiring and Promotion, Minorities, Dara, Uber Technologies Inc, Workplace Environment, Executive Compensation, Khosrowshahi, Race and Ethnicity, FirstEnergy Corporation


Uber CEO Dara Khosrowshahi says ride-hailing will make up only 50% of the company's business moving forward as food delivery growth surges

"Our delivery business is growing at rates that, frankly, I didn't think was possible, and we have doubled up on that," Khosrowshahi told NDTV.
Tags: News, Dara Khosrowshahi, Khosrowshahi


Uber CEO Dara Khosrowshahi says ride-hailing will make up only 50% of the company's business moving forward as food delivery growth surges (UBER)

Uber CEO Dara Khosrowshahi said in an interview with NDTV Thursday that Uber's business will be split "50-50" between ride-hailing and other divisions like food delivery. "Our delivery business is growing at rates that, frankly, I didn't think was possible, and we have doubled up on that," Khosrowshahi told NDTV. The coronavirus pandemic has decimated Uber's core ride-hailing business, with trips plummeting as much as 94% earlier this year and the company losing $2.9 billion last quarter. At t...
Tags: Uber, US, Trends, NDTV, GrubHub, Dara Khosrowshahi, Khosrowshahi


How Postmates went from multiple IPO setbacks to a $2.65 billion takeover by Uber

Uber has agreed to buy Postmates in a $2.65 billion all-stock deal announced on Monday. Postmates had initially filed to go public last year, and has postponed gearing up for an IPO multiple times.  The company ultimately settled on the Uber deal because its shareholders could get Uber stock and the combined company would have a better chance at profitability.  For more stories like this, sign up here for our Wall Street Insider newsletter. Postmates was ready – again – to go public. The food...
Tags: Lyft, Uber, Corporate America, Softbank, US, Trends, Ubs, Cnbc, Postmates, Business Insider, Ubereats, Jpmorgan, SPAC, Latham Watkins, GrubHub, Dara Khosrowshahi