Tag: gig economy

Glovo gets $134M to beef up its on-demand delivery business

Spanish startup Glovo, whose platform lets app users summon a gig economy worker to shop on their behalf, be it for a takeaway burger or a multi-bag supermarket shop, has bagged a €115 million (~$134M) Series C round of funding. The lead investors are Rakuten, Seaya and Cathay, which had

Amazon latest to face UK complaint over ‘bogus self-employment’

Amazon is the latest tech giant to be targeted by a legal challenge in the UK related to gig economy working practices. The UK’s GMB Union is filing suit on behalf of couriers for three delivery companies used by Amazon — accusing the suppliers of making bogus claims that the delivery drivers

Deliveroo employees are getting shares, riders are getting nothing

Food delivery startup Deliveroo is feeling generous today. The company is handing out equity to all full-time staff members. In other words, 2,000 employees are going to receive the equivalent of $13.5 million in Deliveroo shares. “Our phenomenal growth and success has been made possible thanks to the hard work,

MIT to revisit ride-sharing study after Uber rebuttal

The lead academic behind an MIT CEEPR research paper which casts doubt on the sustainability of driving for Uber or Lyft has accepted Uber’s criticism of how driver income data was gathered and said he will revise the research using more generous income calculations. “Uber’s Chief Economist Jonathan Hall wrote

MIT study shows how much driving for Uber or Lyft sucks

Ride-hailing giants Uber and Lyft are delivering pitiful levels of take-home pay to the hundreds of thousands of US independent contractors providing their own vehicles and driving skills to deliver the core service, according to an MIT CEEPR study examining the economics of the two app platforms. The report catalyses the

UK outs plan to bolster gig economy workers rights

The UK government has announced a package of labor market reforms to respond to changes in working patterns including those driven by the rise of gig economy platforms and apps like Uber and Deliveroo. It’s billing the move as an expansion of workers rights — saying “millions” of workers will