Uber loses a authorized battle over driver classification, we survey mobility traders and new knowledge suggests a COVID-19 vaccine needs to be simpler to move. That is your Day by day Crunch for February 19, 2021.
The large story: Uber loses UK authorized problem
The UK’s Supreme Courtroom 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 capacity to enhance their financial place by means of skilled or entrepreneurial ability,” the court docket mentioned in an announcement. “In observe the one approach by which they will enhance their earnings is by working longer hours whereas continually 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 by means of the app.
Startups, funding and enterprise capital
Ex-Normal Catalyst and Normal Atlantic VC pronounces $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With $20M A spherical, Promise brings monetary flexibility to outdated authorities and utility cost programs — Promise integrates with official cost programs to supply extra forgiving phrases for charges and money owed that individuals can’t deal with .
Acast acquires podcasting startup RadioPublic — RadioPublic spun out of public radio market PRX in 2016.
Recommendation and evaluation from Further Crunch
Ten traders predict MaaS, on-demand supply and EVs will dominate mobility’s post-pandemic future — The COVID-19 pandemic didn’t simply upend the transportation business, it laid naked its weaknesses and uncovered potential alternatives.
A fraction of Robinhood’s customers are driving its runaway progress — A more in-depth take a look at cost for order movement, a controversial observe by which Robinhood is paid by market makers for executing buyer trades.
Three methods for elevating model authority in 2021 — Recommendation from Fractl advertising and marketing director Amanda Milligan.
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All the pieces else
Pfizer-BioNTech’s COVID-19 vaccine simply received rather a lot simpler to move and distribute — There’s new stability knowledge collected by Pfizer and BioNTech, which has been submitted to the U.S. Meals 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 harm and financial exercise.
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