FOR RIDERS, the Uber app is a nifty bit of tech magic that summons a car at the touch of a screen. For drivers, it is a place to find customers—but it is also their line manager, determining not just whom they pick up but where they go, the routes they ought to drive and the amount of money they earn. The algorithms making these decisions are fuelled, in part, by data that Uber collects about them.
On March 20th the drivers sent a letter to Uber, warning the firm that they consider it to be in breach of European data-protection legislation. They say they will appeal Uber’s decision, either to the British, Irish or Dutch data-protection authority, or to the British High Court. The full dataset would include the precise times at which the drivers log on and off Uber’s app, all the location data gathered about them and all of the individual ratings and reviews they had received. The first two datasets would help the drivers calculate holiday pay and claims for minimum-wage back pay when their earnings dip below that, such as during fallow periods when they have no rides but are logged in to the app and prepared to accept passengers.
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Uber plans to kick off IPO in AprilRide-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft, people familiar with the matter said on Thursday. Uber is Full of CRAP, CLEVERLY RIGGED ARTIFICIAL PRICING. Uber highway robbers taking investors 4 a ride !
Source: CNBC - 🏆 12. / 72 Read more »
Uber plans to kick off IPO in April: Reuters, citing sourcesRide-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft, people familiar with the matter said on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
Uber and Lyft, side-by-sideThe side-by-side 2018 financials show that while Uber's massive size dwarfs its chief U.S. competitor, Lyft enjoys faster growth. Both companies suffer big losses, although Uber has taken steps to slow its losses while Lyft's continue to widen.The side-by-side 2018 financials show that while Uber's massive size dwarfs its chief U.S. competitor, Lyft enjoys faster growth. Both companies suffer big losses, although Uber has taken steps to slow its losses while Lyft's continue to widen.
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