Tag: Uber

Heavyweights Uber, Foodora in separate battles that could impact gig economy

Hearings are underway in two precedent-setting battles over the future of the Canadian gig economy and workers’ rights, with the practices of two of the sector’s biggest heavyweights — Uber and Foodora — under scrutiny. The Supreme Court heard opening arguments Wednesday in an appeal that will determine whether Uber can require drivers to lodge…

Peanuts! Uber boss calls losing $5bn in 3 months a sustainable business model

Ride-hailing giant Uber, which has recently reported its largest-ever quarterly loss, has an “absolutely sustainable” business model, according to the company’s CEO, Dara Khosrowshahi. In an interview with CNN, he defended the company’s business model, which involves investing heavily in promotions to attract customers to its on-demand ride and meal-delivery offerings. “The model is absolutely…