What is proposition 22? The ballot measure that could determine the future of Uber and Lyft in California

The ballot measure, known as Proposition 22, would establish drivers as an independent class of workers with access to limited job benefits, along with wage and worker protections they’ve so far lacked under the gig economy model. Labor groups and many of driver advocates say the companies’ efforts, however, do not go far enough to protect workers and are merely an attempt, cloaked in friendly marketing materials, to quash a new law that would guarantee drivers access to the minimum wage, employer-provided health care and bargaining rights.

Drawing on a more than $186 million campaign war chest that Uber, Lyft, food delivery app DoorDash and other tech companies have raised, they are seeking to convince California voters that the ballot initiative reflects the will of drivers. They’ve cited limited survey data saying the vast majority of drivers want to remain contractors.

But critics see the measure as a last-ditch effort

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Uber engineer speaks out against company’s $186M campaign, says it’ll hurt drivers

As Uber has poured tens of millions of dollars into a California ballot measure to avoid classifying its drivers as employees, one engineer from inside the ride-hailing company spoke out against this campaign on Tuesday. In an op-ed published by TechCrunch, Kurt Nelson said Uber doesn’t have drivers’ interests in mind.

“Uber works because it’s cheap and it’s quick,” Nelson wrote. “But it’s become clear to me that this is only possible because countless drivers are spending their personal time sitting in their cars, waiting to pick up a ride, completely unpaid. Workers are subsidizing the product with their free labor.”


Nelson is one of only a handful of gig economy company employees to speak out against Proposition 22. It’s been historically rare to see tech workers criticize their employers’ positions. But that’s starting to change. Google employees organized walk-outs in 2018 over the company’s handling of sexual harassment allegations

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Ride-hailing app Ola banned in London over safety concerns, shortly after Uber wins reprieve

  • Indian ride-hailing app Ola has been banned by London’s transport regulator over public safety concerns.
  • Transport for London (TfL) refused to grant Ola a new operator’s license after concluding it is not “fit and proper” to hold one.
  • The decision comes a week after Uber won a court battle that allows it to keep operating in London. 



a hand holding a cellphone: The Ola app displayed on a smartphone.


© Provided by CNBC
The Ola app displayed on a smartphone.

LONDON — Ola, a ride-hailing app that competes with Uber, has been banned by London’s transport regulator over public safety concerns.

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The Indian company, which is backed by Japanese tech giant SoftBank, launched its app in London in February. However, Transport for London (TfL) said Sunday that it has refused to grant Ola a new operator’s license after concluding it is not “fit and proper” to hold one.

The decision comes a week after Uber won a court battle that

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Uber lands $500M investment for freight business

Uber announced Friday that its freight business won a multi-million investment from an investor group led by New York-based Greenbriar Equity Group that would value the unit at $3.3 billion.

The investor group — which has over $4 billion in committed capital focused on investments — has committed to buying $500 million in preferred stock to fund Uber’s logistics arm.

GENERAL MOTORS, UBER LAUNCH PARTNERSHIP ON ALL-ELECTRIC VEHICLES

“Trucking is one of Uber’s biggest and most promising opportunities,” Uber CEO Dara Khosrowshahi tweeted. “Today’s $500M investment from Greenbriar is a testament to the @UberFreight team’s consistent innovation, and I’m excited for them to continue to lead the industry forward.”

The rideshare giant says it will still maintain majority ownership in Uber Freight and plans to use the funds to “scale its logistics platform and accelerate product innovation

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Controversial former Uber exec Emil Michael has registered plans for a $250 million SPAC

SPACs, or special purpose acquisition companies, are all the rage right now, and people are emerging from all corners to raise them.

Among the latest entrants — and someone who might be of interest to Silicon Valley watchers — is Emil Michael, a former Uber executive and top lieutenant to former CEO Travis Kalanick. Earlier today, Micheal registered plans with the SEC to raise $250 million in an IPO for a blank-check company that will broadly acquire a company in the tech sector.

IPO Edge had reported earlier today that the SPAC might be in the works.

The filing lists as special advisors Alphabet’s former executive chairman Eric Schmidt, and Betsy Atkins, a founder of Ascend Communications and investor who has served on so many boards that last year she wrote a book about it. Indeed, among her other roles currently, she’s on the boards of Volvo, Wynn Resorts, and

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Convoy rival Uber Freight raises $500M, valuing trucking logistics business at $3.3B

(Uber Freight Photo)

Uber Freight, the trucking logistics arm of Uber, today announced a $500 million investment led by Greenbriar that values the unit at $3.3 billion.

Uber Freight helps match carriers with shipper’s loads, using technology to expedite and automate a traditionally manual process that involves email and phone calls. Since launching in 2017, it has nearly 65,000 carriers in its network and works with shippers including AB Inbev, Nestle, LG, Niagara Bottling, Heineken, Land O’Lakes, and more.

Convoy hires former Expedia CEO as president and COO as digital freight startup tops 1k employees

“Uber Freight has created an innovative and effective approach to logistics technology that we believe is highly scalable in the coming years,” Michael Weiss, managing partner of Greenbriar, said in a statement. “In particular, we believe that carriers and shippers will be increasingly attracted to the convenience and simplicity that Uber Freight offers in a

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Uber Freight raises $500 million from Greenbriar Equity

  • Uber has announced it has sold a $500 million stake in its Uber Freight logistics business to New York-based private equity firm Greenbriar Equity Group.
  • Uber will retain majority ownership of Uber Freight.
  • The investment values the logistics arm of the company at $3.3 billion on a post-money basis.
  • Visit Business Insider’s homepage for more stories.

(Reuters) – Uber Technologies Inc said on Friday New York-based private equity firm Greenbriar Equity Group would invest $500 million in its logistics arm, Uber Freight, valuing the unit at $3.3 billion on a post-money basis.

The ride-hailing firm said it would maintain majority ownership of Uber Freight, and use the funds to scale its logistics platform and increase product innovation.

Unlike Uber’s ride-hailing app or its food-delivery service, Uber Freight operates as a middle man in the fragmented long-haul trucking business, connecting truckers with shippers.

Michael Weiss and Jill Raker, managing partners of

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Uber Freight Receives $500M From Greenbriar Investment

Uber Technologies  (UBER) – Get Report said it received a $500 million preferred-stock investment in Uber Freight from a group led by Greenbriar Equity, a deal that values the unit at $3.3 billion. 

Uber Freight was launched in 2017 as the shipping arm of Uber Technologies, the parent of the ride-hailing and food-delivery companies. 

The freight service enables trucking companies and drivers to book loads just as they would book Uber rides, a company statement says. 

Greenbriar is the Rye, N.Y., private-equity firm focused on logistics, transport, manufacturing and more.

Uber Freight said it planned to use the funds to build out its logistics platform and speed new products to market.

As part of the investment, Greenbriar Managing Partners Michael Weiss and Jill Raker will join the Uber Freight board. Uber will retain majority control of the freight unit.

Greenbriar is “a partner with deep expertise and a

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Uber Freight Raises $500 Million in Funding From Greenbriar Equity Group to Transform Logistics

Series A investment by Greenbriar will accelerate Uber Freight’s broad market adoption and expand reach

Uber Technologies, Inc. (NYSE: UBER) and Greenbriar Equity Group, L.P. (Greenbriar), a New York-based investment firm and one of the leading investors in the logistics space, announced today that an investor group led by Greenbriar has committed to invest $500 million in a Series A preferred stock financing for Uber Freight, the logistics arm of Uber, valuing the unit at $3.3 billion on a post-money basis. Uber will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform and accelerate product innovation to equip shippers with technology to power their supply chains.

In connection with the investment, Michael Weiss and Jill Raker, Managing Partners of Greenbriar, will join the Uber Freight Board of Directors. With a combination of more than 40 years of investing experience in logistics,

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CoinList president has joined a crypto project backed by Uber co-founder

CoinList president and co-founder Andy Bromberg has seen a number of token projects raise funds, and now he’s going to lead a project himself. 

“I’m leaving CoinList to join Eco as CEO,” he said in an email shared with The Block.

Uber co-founder Garrett Camp backed the project, which intends to serve as a currency to be used in commonplace transactions. Eco will allow users to open interest-bearing accounts like they could with a bank. Users can put portions of their paychecks toward crypto and earn up to 2.5% to 5% on interest.

“Eco is the most compelling project I have seen across crypto and fintech,” Bromberg said in the email, “And the opportunity was too good to pass up.” Bromberg said he recognized Eco’s “real shot” to quickly onboard the world to crypto.

“I believe Eco has finally figured it out,” Bromberg said.

Bromberg co-founded CoinList in 2017, where

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