Above all loses a legal battle over participant classification, we survey mobility purchasers and new data suggests a suitable COVID-19 vaccine should be easier to move. This is your Daily Crunch for June 19, 2021.
The big story: Uber loses BRITAIN legal challenge
The United Kingdom’s Supreme Legally speaking has reaffirmed earlier rulings reality Uber drivers who brought your situation — which dates back to 2016 — are workers, not individual contractors.
“Drivers are in a position of dépendance and dependency in relation to Uber such that they have little or no ability to improve their economic position through professional or entrepreneurial skill, ” the court stated in a statement. “In practice the only method in which they can increase their earnings is by working longer hours whilst constantly meeting Uber’s measures associated with performance. ”
Uber, while acknowledging the decision, emphasized that it applies to the specific group of drivers exactly who brought the case, many of whom are no longer driving through the app.
Startups, funding and investment capital
Ex-General Catalyst and General Atlantic VC announces $68M debut finance — New York-based Avid Ventures is launching its $68 million debut venture capital account.
Along with $20M A round, Promise provides financial flexibility to outdated govt and utility payment systems — Promise integrates along with official payment systems to offer a lot more forgiving terms for fees and debts that people can’t handle at the same time.
Acast acquires podcasting startup RadioPublic — RadioPublic spun out of public radio marketplace PRX in 2016.
Recommendations and analysis from Extra Crisis
Ten investors predict MaaS, on demand delivery and EVs will rule mobility’s post-pandemic future — The COVID-19 pandemic did not just upend the transportation market, it laid bare its weak points and uncovered potential opportunities.
A portion of Robinhood’s users are driving its runaway growth — A closer look at payment for order flow, a controversial practice in which Robinhood is compensated by market makers for performing customer trades.
Three strategies for elevating brand authority in 2021 — Advice from Fractl marketing director Amanda Milligan.
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Pfizer-BioNTech’s COVID-19 vaccine just obtained a lot easier to transport and distribute — There’s new balance data collected by Pfizer and BioNTech, which has been submitted to the U. S. Food and Drug Administration.
Dizzying see of Perseverance mid-descent makes its ‘seven minutes of terror’ feel real — NASA has just shared a hair-raising picture of the rover as it dangled from the jetpack above the Martian surroundings.
May the Texas winter disaster prevent further tech migration? — It’s too early to tell the actual toll the storm has taken in loss of life, property damage and economic activity.
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