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Driver-Owned  Uber Alternative Looks to Crowdfund $1 Million

Driver-Owned Uber Alternative Looks to Crowdfund $1 Million
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Why Is Uber So Expensive in New York City Right Now?

Why Is Uber So Expensive in New York City Right Now?
curbed.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from curbed.com Daily Mail and Mail on Sunday newspapers.

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A Worker-Owned Cooperative Tries to Compete With Uber and Lyft

A Worker-Owned Cooperative Tries to Compete With Uber and Lyft
About 2,500 drivers in New York are organizing to create what they say is a better deal for drivers than what the ride-hailing giants offer.
Members of the Drivers Cooperative in Queens. The group intends to take a smaller commission than Uber or Lyft and charge riders a lower fare.Credit.Adam Whyte for The New York Times
May 28, 2021Updated 2:35 p.m. ET
For years, Uber and other ride-hailing companies offered the promise of entrepreneurship to drivers. Drivers who were eager to set their own schedules signed up in droves, propelling the gig economy into a multibillion-dollar industry. ....

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This Ride-Hailing Platform Wants to be Better for Everyone, Starting with Drivers

It’s not necessarily because of low barriers to entry. In fact, over the past decade the barriers became unbelievably high, as policymakers and predatory lenders spent years artificially inflating the price of a taxi cab medallion the city permit required to own a yellow cab pushing many taxi drivers into spiraling debts that have led to multiple taxi drivers committing suicide.
But despite all that, the barriers are even more prohibitive in many other sectors, pushing immigrants into situations where they become vulnerable to all manner of exploitation, be it taxi medallion debt to ride hailing platform companies taking 25-30 percent of their revenues. ....

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