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.
California’s Proposition 22 is poised to pass, securing the current business model for gig economy companies.
We’re going to expand beyond food into other categories such as groceries and pharmacy, essentially powering world commerce.
John Zimmer, co-founder and President of Lyft, discusses the impact of the pandemic on Lyft, noting that daily rides are still down by half since March 2020.
“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 Department of Justice has announced it is charing Uber’s former Chief Security Officer (CSO) Joseph Sullivan for obstruction of justice.
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.
Lyft is warning it may join Uber in shuttering operations in California following a preliminary injunction classifying its drivers as employees.
If the judge and a court finds that we are not and they don’t give us a stay to get to November then we will have to essentially shut down Uber until the voters decide.