Sharing Economy News

Our latest news coverage of the sharing economy, from on-demand transportation and accommodation, through to personal services and peer-to-peer finance.

HelloFresh

HelloFresh to spend nearly $60 million for new hires in tight labour market

HelloFresh will spend 50 million euros (approximately $58.91 million) to recruit 1,000 new tech employees across Germany, the United States, Canada and Australia over the next 12 m...

DoorDash

DoorDash sues New York over customer data law, second lawsuit in week

DoorDash Inc sued New York City over a new law requiring food delivery companies to share customer data with restaurants, saying it violates customer privacy and lets restaurants c...

Platform Industry: ByteDance China company building

Tech workers bemoan China’s crackdown on compulsory overtime

The Chinese communist government’s campaign to improve conditions for workers has spurred companies, particularly some of its tech giants, to cut down on long hours of compul...

Yandex Delivery

Russia’s Yandex restructures JV ownership with Uber in $1 billion deal

Yandex has said it would buy Uber’s stakes in their joint FoodTech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part o...

Platform News: Uber Technologies app

Uber proposes industry-wide gig worker benefits model in Canada

Uber Technologies Inc has proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share ...

DoorDash app-based delivery

New York City approves licenses, commission caps for food-delivery apps

The New York City Council has approved legislation to license food-delivery apps including Grubhub, DoorDash and Uber Eats and to permanently cap commissions they can charge restau...

Didi V2X

Didi suspends UK launch plans amid China crackdown on tech firms

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph has reported, against the backdrop of a regulatory bac...

Google Cloud

For bank regulators, platform giants are now ‘too big to fail’

More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they’re n...

Platform News: Delivery Services across the world

Takeaway.com posts operating loss of $224 million, sees improvement in second half

App-based delivery giant Just Eat Takeaway.com has reported a better-than-expected operating loss of 190 million euros (approximately $224 million) for the first half of 2021.

Didi V2X

China’s Didi improves pay transparency for drivers

Didi Global Inc has said it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state ...

Platform News: Delivery Services across the world

DoorDash revenue beats as food delivery demand booms

DoorDash Inc beat quarterly revenue estimates, as the pandemic-era surge in food delivery stayed strong even after easing curbs and growing vaccination rates encouraged people to d...

Platform Industry: Delivery Hero app

Germany’s Delivery Hero takes 5.1% stake in rival Deliveroo

Germany’s Delivery Hero has taken a 5.09% stake in online food delivery rival Deliveroo, driving the British company’s share price to its highest since listing on the s...

Platform News: US ride-hailing services Lyft and Uber

Uber and Lyft take different spending routes in race to add drivers

A return to business as usual for Uber Technologies Inc and its rival Lyft Inc has thrown up a new challenge to the ride-hailing firms looking for profitability – spend more ...

Platform News: Ride-hailing app Uber Technologies

Uber posts $509 million adjusted loss on driver incentives even as trips rise

Uber Technologies Inc reported widening losses as it spent more to entice drivers to return to its platform, sending shares of the ride-hail and food delivery company down in after...