What’s going on? Uber announced record-breaking bookings at its 1H update. What does this mean? Uber’s revenue more than double yoy to $8b: The number of Uber’s monthly users hit a new peak in 2Q, with an increase of 24% yoy. The number of highly-profitable airport trips also hit an all-time high; 2Q also marked…
Tag: ride hailing
Ep 135: Uber losing a major UK Supreme Court ruling
What’s going on? Uber lost a major UK Supreme Court ruling (which has last for 5 years), forcing it to treat the 25 riders, who brought the case, as employees. What does that mean? Uber famously treats its drivers as freelancers, but this court ruling means it’ll have to treat, at least 25 of them,…
with HT 