Early Uber investor Jason Calacanis says that unlike Lyft, Uber built a very anti-fragile business with the combination of Eats and Rides and has become relentlessly focused.
Democrats, in a political payoff to unions, have again introduced legislation in Congress to effectively make gig economy jobs like Uber, Lyft, DoorDash, etc. illegal.
Vimeo has raised $300 million in equity, raising its valuation to some $5.7 billion as it prepares to become independent.
Uber CEO Dara Khosrowshahi says that Uber Eats is growing at unprecedented rates during the pandemic and he expects the business to do well post-pandemic as well.
We want to make sure there’s clarity and certainty in this industry so that it’s not living under a cloud.” says Lyft’s Chief Policy Officer Anthony Foxx.
We’re going to expand beyond food into other categories such as groceries and pharmacy, essentially powering world commerce.
“We think the commercialization of autonomous driving for trucks will probably take place a lot sooner than it will take place in the passenger car vehicle sector,” says Richard Zhang, CFO of Full Truck Alliance.
Gene Munster discusses how California in forcing drivers to be employees may ultimately speed up the efforts of Uber and Lyft to go fully self-driving and thereby simply eliminate all human drivers.
The law will ban hundreds of different professions and especially the hundreds of thousands of jobs created by the gig economy over the last decade.