Business

Lyft loses money again but eyes profits in about 2 years

Lyft is continuing to lose staggering sums of money as it barrels ahead with impressive revenue growth, but its executives said they believe the company will turn a corner and reach profitability in about two years.

Business

California governor signs law making gig workers employees

California Governor Gavin Newsom signed legislation Wednesday which could slam the brakes on the so-called "gig economy" by requiring rideshare firms to treat contract drivers as employees, challenging the economic models ...

Business

Worker victories over gig economy giants

A growing number of countries are taking on gig economy giants like Uber, Bolt and Deliveroo who routinely treat their workers as freelancers without normal labour rights.

Business

California 'gig worker' ballot ruled unconstitutional

A California voter-approved referendum that lets many "gig workers" be treated as independent contractors was ruled unconstitutional on Friday, setting up more legal fights over the controversial measure.

Business

UK food giant Deliveroo set for £7.6bn London IPO

Britain's app-driven food delivery firm Deliveroo is set for London's largest stock market launch in a decade with a valuation of £7.6 billion, despite mounting criticism over its treatment of riders.

Business

'Treating us like robots': Amazon workers seek union

Linda Burns was excited at first to land a job at the Amazon warehouse outside Birmingham, Alabama. The former nursing assistant had always enjoyed ordering from the company, Now, she would be working for them.

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