Uber loses a legal battle over driver classification, we survey mobility buyers and new information suggests a COVID-19 vaccine must be simpler to move. This is your Daily Crunch for February 19, 2021.
The huge story: Uber loses UK legal challenge
The United Kingdom’s Supreme Court has reaffirmed earlier rulings that the Uber drivers who introduced the case — which dates again to 2016 — are staff, not unbiased contractors.
“Drivers are ready of subordination and dependency in relation to Uber such that they’ve little or no capability to enhance their financial place via skilled or entrepreneurial talent,” the courtroom stated in an announcement. “In follow the one method wherein they will enhance their earnings is by working longer hours whereas consistently assembly Uber’s measures of efficiency.”
Uber, whereas acknowledging the choice, emphasised that it applies to the precise group of drivers who introduced the case, a lot of whom are now not driving via the app.
Startups, funding and enterprise capital
Ex-General Catalyst and General Atlantic VC proclaims $68M debut fund — New York-based Avid Ventures is launching its $68 million debut enterprise capital fund.
With $20M A spherical, Promise brings monetary flexibility to outdated authorities and utility fee methods — Promise integrates with official fee methods to supply extra forgiving phrases for charges and money owed that individuals can’t deal with all of sudden.
Acast acquires podcasting startup RadioPublic — RadioPublic spun out of public radio market PRX in 2016.
Advice and evaluation from Extra Crunch
Ten buyers predict MaaS, on-demand supply and EVs will dominate mobility’s post-pandemic future — The COVID-19 pandemic didn’t simply upend the transportation trade, it laid naked its weaknesses and uncovered potential alternatives.
A fraction of Robinhood’s customers are driving its runaway development — A better have a look at fee for order stream, a controversial follow wherein Robinhood is paid by market makers for executing buyer trades.
Three methods for elevating model authority in 2021 — Advice from Fractl advertising director Amanda Milligan.
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Everything else
Pfizer-BioNTech’s COVID-19 vaccine simply obtained loads simpler to move and distribute — There’s new stability information collected by Pfizer and BioNTech, which has been submitted to the U.S. Food and Drug Administration.
Dizzying view of Perseverance mid-descent makes its ‘seven minutes of terror’ really feel very actual — NASA has simply shared a hair-raising picture of the rover because it dangled from its jetpack above the Martian panorama.
Will the Texas winter catastrophe deter additional tech migration? — It’s too early to inform the precise toll the storm has taken in lack of life, property injury and financial exercise.
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