This is the outcome of a complicated series of legal battles between tech and transport titans.
Photo credit should read CHRIS DELMAS/AFP via Getty Images Alan and Alex Stokes, 23-year-old twin brothers known best for posting prank videos to YouTube under their channel Stokes Twins, have each been charged with a felony related to a fake bank robbery, the aftermath of which the brothers recorded and posted to YouTube last October, according to the Orange County district attorney’s office (via The Hollywood Reporter.) As part of the prank, the two brothers falsely presented themselves as criminals to an Uber driver and other random bystanders, who they then implored to give them clothes, rides, and other forms of assistance in a way that South California authorities say broke the law. “These were not pranks. These are crimes that could have resulted in someone getting seriously injured or... Continue reading…
Photo by Mario Tama/Getty Images Uber and Lyft are committing wage theft by misclassifying drivers as independent contractors, California’s labor commissioner alleges in separate lawsuits against the companies. The classification of drivers as freelance workers has deprived them of “a host of legal protections in violation of California labor law,” the lawsuits say. “The Uber and Lyft business model rests on the misclassification of drivers as independent contractors,” said California Labor Commissioner Lilia García-Brower in a statement. “This leaves workers without protections such as paid sick leave and reimbursement of drivers’ expenses, as well as overtime and minimum wages.” The pair of lawsuits are the latest legal challenges against Uber and Lyft in California,... Continue reading…
California's labor commissioner announced Wednesday that her office is suing Uber and Lyft, claiming the companies are stealing wages from drivers by "willfully misclassifying" them as contractors instead of employees. The suit alleges that Uber and Lyft have failed to pay drivers minimum wage, sick pay, unemployment, and other benefits guaranteed to employees under state law. AB-5, California's hotly debated gig economy law, created stricter requirements for companies seeking to designate workers as independent contractors. California's agency that oversees ride-hailing companies ruled that drivers are employees under the law, but the companies have refused to reclassify drivers, and the issue is now at the center of multiple lawsuits. Visit Business Insider's homepage for more stories. The heated legal battle between California and ride-hail giants Uber and Lyft ratcheted up another notch this week with the state's labor commissioner announcing that she plans to take the companies to court over their classification of drivers. Commissioner Lilia Garcia-Brower's office said in a press release Wednesday that it plans to file a lawsuit against the companies, arguing that they are "committing wage theft by willfully misclassifying drivers as independent contractors instead of employees." In a letter to Uber and Lyft drivers alerting them to the lawsuit, Garcia-Brower's office said that it's seeking to force the companies to reclassify drivers as employees and reimburse them for wages and other benefits that they would be entitled to as employees under state law. That list includes a wide variety of payments that Uber and Lyft have historically not paid to drivers, such as minimum wages based on time drivers spend using the app (not just driving passengers), overtime, sick pay, and business expenses. "The vast majority of California drivers want to work independently, and we've already made significant changes to our app to ensure that remains the case under state law," an Uber spokesperson told Business Insider, adding that the company hasn't been served with the lawsuit yet and therefore hasn't been able to review its specific claims. A Lyft spokesperson told Business Insider: "The state labor agency has botched thousands of claims. They know they don't have the ability to process these claims, so they sent them into a legal abyss, where they know it will take years to resolve them." California's landmark gig work law, AB-5, which went into effect this year, raised the bar companies must clear in order to consider workers as independent contractors, spurring a major battle between regulators and Uber and Lyft over whether drivers meet that bar. California's Public Utilities Commission, the agency responsible for overseeing ride-hail companies, dealt a significant blow to the companies earlier this year when it ruled in June that drivers are considered employees under AB-5. In May, a group of attorneys general from the state — in Los Angeles, San Francisco, and San Diego — also sued Uber and Lyft over the issue. Uber and Lyft have previously argued that AB-5 doesn't apply to them and have aggressively defended their classification of drivers by claiming that drivers prefer to work as contractors. Unlike their employee counterparts, contractors aren't guaranteed certain benefits like as healthcare and paid sick leave, and Uber and Lyft aren't bound by certain labor regulations around minimum wage payments or required pay payroll taxes for those workers, which feed into programs like unemployment insurance. Driver advocacy group Rideshare Drivers United, which has been rounding up driver wage theft accusations, claimed that Uber and Lyft owe more than $1.3 billion in payments to drivers in California. The debate over what wages and benefits gig economy companies should be on the hook for (versus workers or taxpayers) has intensified in recent months as more states and cities start cracking down on companies like Uber and Lyft. Massachusetts filed a similar lawsuit last month, while New York city imposed the country's first minimum wage for ride-hail drivers and Seattle has sought to do the same.Join the conversation about this story » NOW WATCH: The rise and fall of Donald Trump's $365 million airline
Swedish e-scooter startup Voi has been picked to run an exclusive e-scooter trial in Cambridge and nearby Peterborough.  Business Insider also understands that the startup has been successful in its bid for Northamptonshire, another step towards winning over the rapidly changing UK scooter market.  The UK recently opened up trials for e-scooters — previously banned from streets — to keep people off public transport during the COVID-19 pandemic. Operators have rushed to take advantage. Visit Business Insider's homepage for more stories. Swedish scooter startup Voi has made its first steps into the lucrative UK market after it was exclusively awarded an e-scooter trial for Cambridgeshire.  Voi was picked from a group of 20 e-scooter operators vying to operate in the cities of Cambridge and nearby Peterborough. The trial will run for a year. Business Insider understands the Swedish startup, founded in 2018, has also been successful in its bid to operate in Northamptonshire — another step towards winning over the rapidly changing UK scooter market. The company will be keen to win as many markets as possible after losing out in lucrative tenders for Paris and Lyon.  Founded in 2018, the startup is now live in more than 45 cities in 11 countries, and recently raised a fresh $30 million funding round to expand into the UK. It claims revenues grow fifty-fold during 2019, while it increased headcount from 31 at the end of 2018 to 409 staff by the end of 2019.  "Having been picked from 20 world class e-scooter operators to serve Cambridge and Peterborugh exclusively shows just how serious Voi is in paving the way for truly safe, accessible and sustainable e-scooter operations in the UK," Voi CEO Fredrik Hjelm told Business Insider. "The UK with its 50 city trials, will be the largest e scooter market in Europe and we plan to be the leading operator." Although rental scooters have become a common sight in many European cities, traffic laws and vehicle restrictions previously stopped scooter companies from launching fully in the UK. During the coronavirus pandemic the UK government adopted new rules to allow rental scooters to use the road and cycle lanes. It set a speed limit of 15 mph, and said riders would not need to wear a helmet by law. US operator Lime recently won a trial in Milton Keynes, while other operators like Amsterdam-based Dott have won approval from the UK's Department for Transport. Other companies interested in the UK market include Spin, Tier, Bird, and Neuron.  European scooter companies have raised significantly less than their Silicon Valley rivals but are confident of coming out on top. US firms such Bird and Lime have benefited from huge tranches of venture capital funding, raising $623 million and $935 million respectively, per Crunchbase data.SEE ALSO: Uber-backed scooter startup Lime and European competitors Tier and Dott have won Paris' competitive e-scooter tender, a leaked email shows Join the conversation about this story » NOW WATCH: What it takes to be a PGA Tour caddie
It seems we hadn’t heard the last from the case in which Google‘s former head of self-driving stole trade secrets, joined Uber, and declared bankruptcy after getting sued left, right, and center. The autonomous vehicle whizkid, Anthony Levandowski, has now been handed an 18-month prison sentence for theft of those trade secrets, TechCrunch reports. The judge hearing the case said it was the “biggest trade secret crime [they] had ever seen.” [Read: Rallycross is going electric in 2021 with a chaotic new race series across Europe] US district attorneys working the case originally proposed a 27-month-long prison sentence, claiming that… This story continues at The Next WebOr just read more coverage about: Uber
It seems we hadn’t heard the last from the case in which Google‘s former head of self-driving stole trade secrets, joined Uber, and declared bankruptcy after getting sued left, right, and center. The autonomous vehicle whizkid, Anthony Levandowski, has now been handed an 18-month prison sentence for theft of those trade secrets, TechCrunch reports. The judge hearing the case said it was the “biggest trade secret crime [they] had ever seen.” [Read: Rallycross is going electric in 2021 with a chaotic new race series across Europe] US district attorneys working the case originally proposed a 27-month-long prison sentence, claiming that… This story continues at The Next WebOr just read more coverage about: Uber
The good news is that the industry is still wide and open for opportunities.It means that an aspiring entrepreneur can create a business like Uber and not just survive but also be successful and profitable!Startup an Uber like app in this ever growing industry by researching on the cost and features of taxi applications.
People find it convenient as these online delivery services provide customers with orders upon hours of booking.Many states in which Cannabis is legalized are continuing the sales through the drive-thru, window sales, or online delivery apps.The sales have increased for Uber for medical cannabis amid COVID-19.Statistics related to cannabis deliveryEaze is a successful weed delivery company that has seen a growth of 300% in the year 2017.Budly, a software development company that has developed an app for cannabis delivery has over 100 products and a team of 120 drivers.It has served more than 1 million orders.The major medical cannabis provider rendering services amid COVID-19SidecarSidecar has partnered up with Meadow after the pandemic outbreak.Meadow is Uber for pot delivery company, it lists the various category is menu items for patients to choose from.Then a referral fee would be paid to Meadow by the concerned dispensary.
In the fast-paced life, people do not find the time to do household chores.An app like Uber for laundry has great prospects in the coming years.By 2024, the on-demand laundry sector is expected to reach $92.6 billion.Appdupe understands the tight-packed customers' schedule, so they have developed Uber for the laundry services app with a simple workflow.Customer schedules for laundry pickup.The delivery person tracks the customers' place using the GPS and locates it seamlessly.The order status is updated at every stage through push notifications.Once the order is ready and delivered, the customer can pay using secure payment gateway options.They can rate the delivery agent and service providers.The simple and effective Uber for laundry service app is bound to become part of people's smartphones.Visit our website to learn more about the attractive clone app solutions we offer.
Over the past half century, workers' wages have stagnated, their rights have been eroded, and whistleblowers have faced frequent retaliation for calling attention to the problems. But in the tech industry, a new alliance of workers from warehouses to cubicles — bolstered by the pandemic and anti-racism protests — is speaking with a louder and more unified voice than ever. They're demanding everything from better pay and workplace protections to a bigger say over how the products they build are designed and put to use. Business Insider spoke to 14 tech organizers and labor experts about what obstacles the movement faces as well as the changes they'd like to see in American workplaces to empower workers once again. Visit Business Insider's homepage for more stories. All is not well for workers in Silicon Valley. Amid a devastating pandemic that has left millions of Americans jobless, the four largest US tech companies blew past Wall Street's expectations, reporting quarterly earnings that pushed their combined net worth past $5 trillion and boosted their CEOs' personal fortunes by billions. But as the tech industry soared to unprecedented heights, many of the workers fueling its rise have seen their wages and benefits stagnate, grueling job environments have become more dangerous, and efforts to call attention to workplace inequities have been met with retaliation. Despite this, the tide is shifting. Last week, the top executives of Amazon, Apple, Facebook, and Google faced a grilling from lawmakers that focused on their companies' outsized power. Over the past few years, the experiences of rank-and-file employees have become increasingly at odds with those of the wealthy executives at the top — both on the job and in how they see their employers' impact on society. Bolstered by the pandemic and sweeping protests against systemic racism, tech workers from warehouses to corporate office buildings have been speaking up with a unified voice for the first time. Their demands: Better pay, benefits, and working conditions. But there's a broader agenda in place. They want to shift the balance of power at their organizations so they can have more control over how their work gets done, how products are built, and who their companies do business with. And now they're inspiring others across the country to do the same at their own workplaces. Business Insider spoke with 14 tech organizers and labor experts who said the industry has reached an inflection point and that things aren't going back to the way they were before. Here are their thoughts on how to empower workers once again and the obstacles that still lie ahead. Chris Smalls — organizer and former Amazon warehouse worker What's the biggest obstacle workers face: Smalls said Amazon and other companies' self-interest and antagonism toward workers continues to jeopardize their safety. "Everything [Amazon's] doing doesn't benefit the employees, everything they're doing benefits the company and the company only," he said adding that companies like Amazon "smear the lower class people, they intimidate the working class people." How can we improve American workplaces: Amazon needs to be taxed and workers need better pay, Smalls said. "You're telling me at $25 an hour I'm working for the richest man in the world and I'm capped out," he said, referring to the salary limit he hit after five years with the company. What organizers should focus on now: "What we need is for the families who actually lost somebody [to COVID-19] to actually come out to the public," Smalls said. Concerns about coronavirus exposure were raised as early as March and he said Amazon's response fell short. "This could have been prevented ... somebody needs to be held accountable." Oriana Leckert — former Kickstarter outreach team member and organizer for the Kickstarter United employee union What's the biggest obstacle workers face: "There's a strain of individualism that runs through tech for sure, Leckert said. Convincing workers who have good jobs now to organize on behalf of their coworkers — and their future selves — can be challenging at times, she said. How can we improve American workplaces: Leckert said companies should start "listening to workers and giving the people who are doing the work some more influence over how and when and why the work gets done." Executives should trust their employees to have good ideas instead of dictating everything via "opaque, top-down hierarchical management," she said. What organizers should focus on now: "Talk to everybody in your workplace, talk to everybody outside of your workplace. Get advice from other folks," Leckert said. "There are lots of people who are having a struggle at the same time and who have done it before," she said, and people looking to organize at their workplaces can learn from others' efforts. Grace Reckers — organizer at the Office and Professional Employees International Union What's the biggest obstacle workers face: "The lack of hardened geographic bounds is an important component of the tech organizing movement, and it mirrors the structures of the tech companies themselves," Reckers said. "Unlike nurse unions that represent RNs in a few distinct hospitals, typically in one region or city, organizers in the tech industry have to take into account the growing number of remote workers, international employees, contract workers, and vendors that are all affiliated with their companies." How can we improve American workplaces: "The biggest change I would like to see is for workers to have unobstructed rights to form unions at their workplaces," she said. "Employers need to be swiftly disciplined and employees need to be reinstated when organizers are fired in retaliation for their union activity. I also believe that the amount of money companies spend on anti-union consultants and 'union avoidance' law firms should be publicized, called out, and eventually redistributed to workers' paychecks." What organizers should focus on now: "Going forward, I imagine that the remnants of these fears around job security will remain for a lot of workers in the tech industry. My hope is that employees will continue to organize around these issues and recognize that as long as you are an at-will employee, you can be fired for any reason or no reason at all—without any guarantee of severance pay or continued healthcare coverage. It's only with a union contract that workers have the right to negotiate terminations and the safety nets that come with them." Laurence Berland — organizer and former Google engineer What's the biggest obstacle workers face: "In the pandemic, with so many out of work, a lot of people might have the attitude they are lucky to even have a job," Berland said. "But workers should remember that despite high unemployment, their experience and institutional knowledge is valuable, and not so easily replaced by a new hire, especially if they act collectively." How can we improve American workplaces: Berland said people need to fight for coworkers "across class and roles," especially those who have to work in person or whose jobs are jeopardized by the remote work surge during the pandemic. "Workers who are able to work from home need to fight for those workers and stand in solidarity with them," he said. What organizers should focus on now: "Make those connections with the most vulnerable workers — the Black and Brown essential workers, the unemployed service workers. Ask them what you can do to be a part of what they need," Berland said. "They know what they need and if you are genuinely showing up for them, they will tell you exactly what they need. Listen to them." Jacinta Gonzalez — organizer at Mijente What's the biggest obstacle workers face: "Office tech workers are recognizing that their technologies are inherently political and are never 'race neutral,'" Gonzalez said, pointing to the growing surveillance state and "the insidious relationship between tech corporations and law enforcement." Gonzalez said that at companies like Google and Microsoft, "tech workers have made clear demands that all contracts with law enforcement be dropped, a necessary and long overdue step." How can we improve American workplaces: Gonzalez said that "while office tech workers today may not be underpaid, they are recognizing that the cushy benefits they currently receive does not mean they have a voice in the types of technologies and contracts their companies engage with, even if workers recognize that their technologies are harmful." She added that giving workers more power would create "more accountability within the companies creating the technologies that are actively harming Black and Brown communities."  What organizers should focus on now: "The revolving door between government contractors and corporations must end and the curtain must be pulled back to reveal the full impacts of the growing surveillance state," she said. "As Naomi Klein said on a recent Mijente panel with Edward Snowden, we have a right to live illegible lives. It is time for technology to be transparent, human focused and end the growing surveillance and ownership of our data."  Wesley McEnany — organizer at the Service Employees International Union Local 1984 What's the biggest obstacle workers face: "Workers are seeing the use of their labor for immoral or unethical reasons as cause to organize because these issues are fundamentally working conditions as much as wages or benefits are," McEnany said. "These are also workers, especially at the big 5, who potentially hold a lot of structural power." How can we improve American workplaces: "Tech companies have a serious responsibility to end systemic and structural racism. They are uniquely positioned to use technology for good and lead on issues of diversity and inclusion." What organizers should focus on now: To make money, tech firms are incentivized to "take on nefarious projects, whether it's facial recognition software for oppressed governmental agencies or upgrading the technological infrastructure of local police departments surveilling Black Lives Matter activists," McEnany said. "[Tech companies] aren't going to be moral institutions without worker input." Dania Rajendra — director of Athena, a coalition of activists and Amazon workers What's the biggest obstacle workers face: The "sheer size and utter disregard for transparency or accountability" of companies like Amazon lets them get away with mistreating workers, Rajendra said. "Amazon's outsized power and its impunity about wielding it is the obstacle." How can we improve American workplaces: Rajendra said she'd like to see "more elected officials — at every level — start to use their investigative and regulatory power to prioritize everyday people." She pointed to France, where a court ruled in April that Amazon wasn't doing enough to protect workers and would have to shut down or take stronger precautions. What organizers should focus on now: "We'll continue to see more bridges built between the issues workers deal with on the job and the issues people — including those very same workers — deal with in their communities," Rajendra said. "Both COVID and the uprising [against systemic racism] expose the fact that the risks working people face on the job don't just end at the warehouse exits." Ben Gwin — data analyst at HCL Technologies and organizer for the United HCL Workers of Pittsburgh What's the biggest obstacle workers face: "Corporate-friendly labor laws," Gwin said. "Companies would rather pay lawyers and union busters, break the law, and pay a fine than honor workers' rights to organize and bargain in good faith." How can we improve American workplaces: "Medicare for All," Gwin said. Nearly half of Americans get health insurance through their employers, according to the Kaiser Family Foundation, and the pandemic has shown gaping flaws in the US' approach. A study from Health Management Associates said 35 million could lose coverage due to layoffs. What organizers should focus on now: Gwin said a change in the White House is needed before things improve for workers. Under Trump, the National Labor Relations Board, the top federal agency tasked with protecting workers, "is awful, and we need at least nominally pro-labor appointees in there," he added. Nicole Moore — Lyft driver and volunteer organizer for Rideshare Drivers United What's the biggest obstacle workers face: For gig workers, Moore said the biggest challenge is not having the same rights and labor protections as employees. "If we want safe industries where people aren't dying to put a box on your porch, people aren't becoming homeless as they buy a new car so they can drive you and anybody else with an app around, then we have to put these basic things in place," she said. How can we improve American workplaces: "We need to see a reform of labor law that makes that easier for groups of workers to organize," Moore said. Workers should be able to band together to negotiate contracts that guarantee fair wages, she said, "so that when you wake up in the morning, you know what kind of money you're going to make, it's not going to change overnight." What organizers should focus on now: Moore said she's focused on getting "fair pay and a voice on the job, more PPE for drivers, and "somebody in the White House who actually is going to have a Labor Department that's worried about the welfare of workers, not just how much profit companies can make off of them." Y-Vonne Hutchinson — CEO and founder of ReadySet and cofounder of Black Tech For Black LIves What's the biggest obstacle workers face: While "a lot of people are waking up to the reality of racism in the tech sector and racism in this country," said Hutchinson, "there are still people who are invested in keeping things the same who are going to push back, and we have to be prepared to face those people." How can we improve American workplaces: "When it comes to anti-racism, we do need to hold people accountable," Hutchinson said. "People don't change their behavior if they're not incentivized to change their behavior." She said employees who serve on diversity and inclusion committees and managers who hire, promote, or mentor diverse workers should be rewarded, not forced to sacrifice their work toward these goals in order to accomplish others. What organizers should focus on now: Within tech, Hutchinson said Black Tech For Black Lives wants to "make sure that Black people are hired and promoted and supported and really able to thrive" in a way she said hasn't happened so far, even as companies have said they want more diversity and inclusion. Steve Smith — communications director at the California Labor Federation What's the biggest obstacle workers face: "Tech CEOs have become very adept at employing anti-union strategies to crush organizing," Smith said. While executives' opposition to unions isn't new, Smith said the difference now is that tech companies have "some of the wealthiest and most powerful CEOs on the planet with vast resources to fight organizing at their disposal." How can we improve American workplaces: Companies need to follow existing labor laws, Smith said. "Provide workers with the basic protections and pay they deserve." What organizers should focus on now: Smith, who works closely with rideshare and food delivery drivers, said they're focused on defeating Proposition 22, a California ballot measure backed by Uber, Lyft, DoorDash, Instacart, and Postmates, that would permanently make drivers independent contractors. If it passes, Smith said it will hurt drivers "who have few basic protections" as well as "small businesses who are at a competitive advantage when these large tech companies cheat the system." Erin Hatton — associate professor of sociology at the University of Buffalo What's the biggest obstacle workers face: "Labor movements — like all social movements — require an incredible amount of work," Hatton said. Keeping up the momentum while trying to support families, survive a pandemic, and fight for civil rights will be "a Herculean task" for workers, she said. How can we improve American workplaces: Hatton said "all workers who perform labor from which others profit" should be covered by all labor and employment laws, not be forced to work in unsafe work environments, and should be protected from "coercion and abuse" by their employers. That includes diverse groups such as "Uber drivers, student athletes, incarcerated workers, graduate students, Instacart drivers, meatpacking workers, grocery store workers, and doctors and nurses," she said. What organizers should focus on now: Worker rights as well as basic civil rights for Black people, immigrants, and transgender people should be top priorities, Hatton said. "As a country, as a democracy, and as an economy, we are only as strong as our most vulnerable population." Clair Brown — professor of economics at the University of California Berkeley What's the biggest obstacle workers face: "Right now the problem is at the national level," Brown said. "The Department of Labor was set up to speak for workers, to protect workers, to represent workers. And right now it doesn't. Right now, it really represents employers under Trump." How can we improve American workplaces: Brown said unemployment programs in the US should look more like those in Europe, which "focus less on payments directly to individuals once they're thrown out of work" and instead on "how can we actually pay to keep them on the job." What organizers should focus on now: "We have to get back to this question of: 'what kind of social safety net do we want to provide people in the United States?'" Brown said workers who are laid off or can't work have no way to "just basically get through life, pay their mortgage or their rent, pay their health insurance, pay their kids' bills." Tom Kochan — professor of management at the Massachusetts Institute of Technology What's the biggest obstacle workers face: "Employer opposition, and that hasn't changed at all," Kochan said. "Any employer that wants to defeat a union organizing campaign can do so because the penalties are so weak and so slow to be enforced." How can we improve American workplaces: "We have to open up our labor law to new forms" in order to give workers more voice, Kochan said. That could include creating works councils or putting rank-and-file employees on corporate boards, "not to control it, but to bring a worker's perspective to these issues and the knowledge and the information that workers can bring." What organizers should focus on now: Kochan said the upcoming election will have huge implications for workers. "If we get a change in government, both in the presidency and in the Congress, then we are going to see a massive debate around the future of work and how we learn from this crisis and fill the holes in the safety net that have been temporarily filled."
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Lime is adding Jump e-bikes to its app for the first time since the the company acquired the former Uber division in May, the company tells The Verge. The Jump e-bikes will be exclusively available in the Lime app while the company irons out any software kinks, at which point Jump e-bikes will continue to appear inside Uber’s app as well. Uber handed the money-losing Jump bike and scooter sharing service to Lime in May as part of a $170 million investment, which Google’s parent company Alphabet was involved in as well. But Uber quickly caused a stir as, weeks later, the company started scrapping tens of thousands of the bright red e-bikes around the United States because it apparently couldn’t find a way to donate them. An Uber... Continue reading…
The engineer, Anthony Levandowski, was at the center of a bitter legal battle between Google and Uber.
Yes, you read that right, an American exec is actually going to serve time... eventually. When he chooses Anthony Levandowski, the top engineer who pleaded guilty to stealing self-driving car trade secrets from Google, was sent down for 18 months in the US on Tuesday.…
(Portland State University) Benjamin Clark and Anne Brown of the University of Oregon used Seattle as a case study to find the association between TNC trips and on-street parking occupancy. They found that up to a certain point, more Uber trips meant more parking occupancy. But model predictions show that once TNC trips reach about three times what they were in 2016, parking revenues will likely decline. The final report offers policy options to help cities plan accordingly.
Photo by Angelo Merendino / AFP / Getty Images Controversial engineer Anthony Levandowski, who worked for the Google division that would become Waymo before founding trucking company Otto and selling it to Uber, has been sentenced to 18 months in prison for trade secret theft during his various stints in the self-driving industry. His sentencing closes the book on a multi-year legal saga stemming from Levandowski’s high-rising and equally fast-falling career in Silicon Valley spanning much of the past decade. Levandowski was initially sentenced back in March, when the US District Attorney’s office recommended a 27-month sentence. Judge William Alsup on Wednesday sentenced Levandowski to 18 months in prison, to be served at a later date due to the COVID-19 pandemic, according to T... Continue reading…
Self-driving-car engineer Anthony Levandowski was sentenced to 18 months in prison by a federal judge in San Francisco Tuesday afternoon, after pleading guilty to one count of trade secret theft in May. The once-celebrated engineer was at the center of Waymo's legal fight with Uber. Levandowski was a founding member of Google's "Project Chauffeur," which eventually became Waymo. Visit Business Insider's homepage for more stories. After pleading guilty to trade secret theft, Anthony Levandowski, the former Google engineer at the center of a massive legal fight between Waymo and Uber, was sentenced to 18 months in prison by a federal judge Tuesday afternoon. He also agreed to pay Google $756,499 in restitution, to compensate the company for helping the government prosecute the case. Levandowski will not begin his prison sentence until the COVID-19 pandemic has entirely passed, and will also be charged a fine of $95,000. Levandowski, 40, was indicted on 33 criminal counts of trade secret theft and attempted trade secret theft in August 2019. The Department of Justice alleged he had left Google with troves of confidential technical documents with the intent to use them for his personal gain. Those same charges were at the heart of Waymo's 2017 lawsuit against Uber, which did not name Levandowski as a defendant. The engineer left Google's team — which he had helped found in 2009 — in January 2016 to found a trucking-focused startup called Otto. The Google effort, meanwhile, took on the name Waymo in December 2016, when it became a standalone company under the Alphabet umbrella. A few months after Otto was founded, Uber acquired the small outfit for a reported $680 million and put Levandowski in charge of its entire self-driving effort.  Waymo alleged that the ride-hailing giant set up the deal with Levandowski so it could use Google IP to accelerate its self-driving research, which then-CEO Travis Kalanick believed was key to Uber's long-term survival. After a year of legal wrangling, the case went to trial in February 2018, only to be settled within a week. By then, Kalanick had fired Levandowski, who declined to testify in the case, invoking his Fifth Amendment right against self-incrimination. Levandowski soon founded another self-driving truck startup, Pronto, but resigned his post as CEO when the DOJ indicted him. He initially declared himself innocent and promised to fight the charges, which could have landed him in prison for decades. In March, he accepted a deal in which he pled guilty to one of the 33 counts, involving a weekly report that tracked the Google team's progress, detailed technical challenges, and included notes on how the team had solved various problems in the past. As part of his plea, the engineer acknowledged that that document counted as a trade secret, and that he had intended to use it for personal gain. He also admitted to downloading about 14,000 files from a Google server and moving them onto his personal computer. "I'm happy to put this behind me," he told Wired at the time.  In his hearing, Levandowski's attorneys asked that he serve 12 months in home confinement at his house in Marin County, California, citing respiratory problems (he's suffered two bouts of pneumonia in recent years) and the ongoing COVID-19 pandemic. Levandowski also proposed he do community service involving talking to engineering students about lessons from his case.  "Mr Levandowski can solve big problems," Judge William Alsup — who also tried the Waymo v. Uber case — said. "I respect that. I want you to know that." But, Alsup said, "This was not a small crime...This was the biggest trade secret crime I have ever seen." He cited the importance of deterring others from committing such crimes. "I want them to think, 'I could end up in federal prison.'" Alsup also instructed Levandowski that, after serving his sentence, he must give a speech to a total of 200 people, titled "Why I Went to Federal Prison." Join the conversation about this story » NOW WATCH: July 15 is Tax Day — here's what it's like to do your own taxes for the very first time
Hi and welcome to Insider Advertising, weekly edition. I'm Lucia Moses, deputy editor. To get this in your inbox daily, go here. This week: Microsoft's play for TikTok, Netflix's new secret weapon, and takeaways of the Facebook ad boycott. Microsoft is interested in advertising again People who know their Microsoft history are scratching their heads when it comes to its planned deal for TikTok's US business, and not just because it would plunge the tech giant into the unfamiliar territory unknown of teen-driven social media, with all its potential messiness and drama. It's also because Microsoft all but abandoned its ad business in 2015 after its display ad revenue eroded over several years. In recent years, it's focused on going after Amazon and Google on sponsored products, but still holds only an estimated 1.4% of the display ad market, according to EMarketer.  And while TikTok's own ad business is nascent, it has big potential, with its growing, young user base that advertisers are salivating over. A successful takeover could help Microsoft erode Facebook and Google's stronghold on digital advertising. But it would also help solidify tech giant's control over advertising and the rules that govern it. And the losers? Old-guard media companies, for one, none of which has the means to bid for a company some valued at $50 billion, and whose voice at the advertising table will only continue to diminish. Bozoma Saint John is Netflix's new secret weapon Media coverage of Bozoma Saint John has largely focused on her glamour and charisma, but Tanya Dua and Patrick Coffee examined the ex-Apple and Uber marketer's record in this insightful profile as she starts as Netflix's CMO. Saint John's approach runs counter to the trend of data-driven marketing, which has made her a target of some. But consider what her hire signals about how Netflix sees its challenges as its field becomes more competitive. From their piece: Forrester principal analyst Jim Nail said co-CEOs Reed Hastings and Ted Sarandos have recently begun emphasizing Netflix's ability to influence pop culture through a steady stream of original hits like "Bird Box," which helps it retain subscribers and sign up new ones who don't want to miss out on the latest cultural phenomenon... Nail said Netflix's goal of influencing culture lined up with Saint John's record of helping companies stand out by co-opting trends beyond their industries. "It's almost a repositioning. They're certainly enhancing and enriching their positioning with the idea of being a key part of culture," he said. Read the full profile here: How Netflix's new CMO Bozoma Saint John rose to become the biggest 'badass' in marketing Facebook's ad boycott: An accounting More than 1,000 advertisers boycotted Facebook in a historic backlash against the company. But did any of it matter? Here are some key numbers, per Tanya Dua: Some advertisers, convinced by Facebook's promises to do better monitoring hate speech, or need to make their sales numbers, are returning, and some are staying away, but the biggest impact may have been to its reputation among some users. Facebook's ad revenue in the first three weeks of July grew about 10% year over year, the same rate as its second quarter. It reminded us that it's mostly reliant on small advertisers who continue to spend there, with its top 100 advertisers accounting for 16% of its over-$70 billion ad revenue. Read more: Advertisers not part of the boycott also cut back spending on Facebook in July, but the platform says it will be just fine Other stories you should check out in media, advertising, and beyond: Disney lost $3.5 billion in operating income from its closed theme parks last quarter and analysts say the impact could weigh on the business for years A startup that's helped brands like Hershey's and Petco make shoppable videos just raised $10 million to become an e-commerce platform that it says can help them drive more sales One of the very few Black women VCs says her 20 years in the industry helped her understand why she's such an anomaly — and how the industry's reverence for speed became the enemy of diversity Average fintech salaries are in the six figures. A talent exec at $5.3 billion Plaid lays out 3 ways to get your foot in the door. Poshmark clothing resellers are becoming Instagram influencers to increase sales and make money from brand sponsorships Radish wants you to binge-read romance novels, and now it has a fresh $63.2 million to pay its soap opera writers and gaming pros to get you hooked Thanks for reading. See you next week! — LuciaJoin the conversation about this story » NOW WATCH: July 15 is Tax Day — here's what it's like to do your own taxes for the very first time
On Tuesday, Uber announced that corporate employees will have their voluntary work from home policy extended through June 2021.  Corporate employees will also be given a $500 stipend for a home office setup.  Uber is joining a growing list of companies that have extended their work-from-home polices into 2021. The company has still not issued a uniform policy for drivers during this time. Visit Business Insider's homepage for more stories. On Tuesday, Uber announced that corporate employees will be allowed to voluntarily work from home through June 2021.  "As a company built on flexible working, we want to provide our team with flexibility, choice and longer term clarity so they can plan ahead," the company said in a statement to Business Insider. In order to accommodate this change, Uber will be offering a $500 stipend to help employees with their home office setups.  If local offices open before June 2021, employees will have the option returning to the office if they feel comfortable. Uber said that whatever decision employees make will not factor into performance reviews. While the company said it will be reevaluating the policy for a possible extension in the spring of 2021, the policy itself will not be shortened. For drivers, Uber is offering financial assistance guides and a website for drivers to find other forms of employment if they are unable to make the same amount of money as they were in March before the coronavirus pandemic curbed the demand for ride sharing. The company has not announced any stipend for drivers at this time. Uber is joining a long list of companies that have extended their work-from-home policies into 2021. Facebook and Google have also announced similar policies.Join the conversation about this story » NOW WATCH: Pathologists debunk 13 coronavirus myths
Bozoma Saint John, Netflix's newly named chief marketing officer, has climbed the corporate-marketing ranks over 20 years using her celebrity connections and ability to tie brands like Pepsi and Apple to cultural trends. She's also known as unapologetically outspoken and a role model for women of color — who are notoriously underrepresented in the C-suites of corporations.  Netflix has long been synonymous with streaming video, but it needs to convince people to keep subscribing as new options from HBO and Disney emerge. Some say a chief marketing officer with huge personal stardom can risk overshadowing the very brands they're hired to promote. Visit Business Insider's homepage for more stories. Shortly after noon on a recent Saturday, Bozoma Saint John appeared on thousands of women's computer screens. It was the inaugural livestream of her event The Badass Workshop. Viewers paid $25 to learn Saint John's personal and work philosophies. Ciara's "Level Up" began playing, and in danced Saint John, blue stars glittering off her black jumpsuit. "I've seen all the descriptions of what it looks like to be a global CMO, and it's not supposed to look like this," Saint John said through fuchsia lipstick, half her hair pulled into a braided topknot.  Even when the livestream suddenly crashed, the expert marketer spun it positively: "WE BROKE THE INNANET!" Saint John proclaimed on Instagram. Saint John, who was named chief marketing officer of Netflix in June, has always taken an unconventional path. While the role has become increasingly the domain of data geeks, she's a glamourous executive who goes with her gut and is known for her work tying brands like Pepsi and Apple to cultural trends. Before joining Netflix, Saint John served as a marketing executive for Apple, Uber, and Endeavor. Netflix is one of the most popular streaming-video players. But it needs to convince people to keep subscribing as new options launch from competitors like HBO and Disney. Her hiring also comes at a moment when Silicon Valley, along the rest of corporate America, desperately needs more executives of color. Saint John, with her cultural magic touch, could be just what Netflix needs — but as her persona grows, some question if she risks overshadowing the companies she serves. Business Insider spoke with 18 of Saint John's colleagues, friends, and competitors for this story. Netflix declined to make Saint John available for an interview. Saint John stood out from others since childhood Until age 12, Saint John lived in Ghana. After the country's government fell to a military coup in the 1980s, Saint John's family relocated to Colorado Springs, Colorado. Now 43, the 5-foot-11 executive says she always stood out among mostly white faces in classrooms and boardrooms. Over time, Saint John has built a robust list of connections from the worlds of media, politics, entertainment, and tech, including Anna Wintour, the Obamas, and Facebook's Carolyn Everson. A recurring theme of Saint John is the idea of "bringing your whole self to work," which she frequently evokes in conversations and interviews. In 2014, Saint John captivated a crowd when she was named to the American Advertising Federation's Hall of Achievement. She gave a moving speech and talked about the loss of her husband, Peter, who died from cancer one year prior. "She won over not just the room but the whole industry," said Ross Martin, the president of the marketing services company Known, who received the same honor that year. Those high-profile ties and that honest nature are captured in Saint John's Instagram account, where she broadcasts a jet-setting life as "badassboz" as well as her role as the mother of a 10-year-old. She has also made rounds in the glossy lifestyle-magazine circuit — with interviewers calling her the "Queen of Silicon Valley" and "a better brand than Uber." Her acquaintances, like Tiffany R. Warren, the senior vice president and chief diversity officer at the ad giant Omnicom, speak of Saint John's open-book approach to life, informed by her African heritage and religious faith. "What you see is what you get," Warren said. "That's how I think of Boz." Other stories tell of her praying with the investor Anjula Acharia before a high-stakes presentation and subbing in for Arianna Huffington at the Cannes Lions festival at the last minute when Huffington was recovering from hip-replacement surgery. She uses her position as one of the few visible Black women in her field. She teamed up with Luvvie Ajayi Jones, Glennon Doyle, and Stacey Bendet to launch #ShareTheMicNow, an Instagram campaign to magnify people of color, and served as the Ghana ambassador for the education nonprofit Pencils of Promise. She built a career on emotional and cultural connections At a time when chief marketing officers increasingly live and die by the numbers, Saint John's stock-in-trade is connecting with consumers on an emotional level, and, in her own words, trusting her gut. This approach can open her to criticism that she doesn't care about return on investment as much as a chief marketing officer should. "There are some marketers that lead with logic and data, and there are other marketers that lead with instinct and culture. She sits far out on the instinct and culture side," her friend Jonathan Mildenhall, who is a cofounder of the consulting firm TwentyFirstCenturyBrand, said. At Pepsi, Saint John spearheaded projects like a series of livestreamed Twitter concerts with Katy Perry and others that marked a new union of social media, advertising, and pop music, the former Pepsi executive Shiv Singh said. She helped land Beyoncé for the 2013 Pepsi Super Bowl Halftime Show in New Orleans and assembled the trio of Kerry Washington, Mary J. Blige, and Taraji P. Henson for a buzzy Apple Music Emmy night ad in 2015. "She has such a strong understanding of culture that she gets how to embed a brand in it without it seeming inauthentic," said Joe Anthony, the founder of the agency Hero Collective, who met Saint John while working with Pepsi. At Apple's 2016 Worldwide Developers Conference, Saint John introduced a revamped Apple Music by leading the typically staid crowd through a raucous rendition of "Rapper's Delight." That and other public appearances paved the way for other Apple executives to develop public profiles, said Justina Omokhua, the senior vice president of brand marketing at Endeavor who also worked under Saint John at Apple. Putting out fires in Silicon Valley At Uber and Endeavor, Saint John also put her emotionally and celebrity-driven approach to work to fix crises. She joined Uber in 2017 as its chief brand officer. The company's reputation was being dragged by a series of punishing revelations about its corporate culture and treatment of drivers. After an eight-hour meeting with former CEO Travis Kalanick and board member Arianna Huffington, Saint John was hired. She and Huffington had first met six months earlier at a private dinner at the CES trade show. "I didn't know who she was, but she was such a force of nature that I was just taken by her," Huffington told Business Insider. "She recalled the story of how she once took her Uber driver to an Iggy Pop concert, and that's when I realized that she could really help humanize the brand." Saint John helped shift Uber's marketing focus from being a mere utility to something more essential in people's lives. Under her direction, the company worked with celebrities like LeBron James and ESPN's Cari Champion to promote that message, and she helped craft a 2018 spot that featured a heartfelt apology from Uber's new CEO, Dara Khosrowshahi, about the company's toxic culture. Ari Emanuel, a Hollywood dealmaker and Endeavor's CEO,  wooed Saint John away from Uber in 2018. There, she rubbed elbows with celebrities like Wintour and Tom Ford at the Endeavor-owned New York Fashion Week, spoke with would-be investors for an ultimately unsuccessful initial public offering, and helped the ad agency 160over90 win new work from clients like McDonald's and Lowe's. She also helped Papa John's take responsibility for founder John Schnatter's racist missteps by using angry customer tweets to apologize. 'She's the CMO of herself' As her career has grown, so has Saint John's personal brand. In recent years, she's flirted with the idea of a Starz docuseries, started an iHeartMedia podcast with Katie Couric, and launched The Badass Workshop. Acharia, who is Priyanka Chopra's manager in addition to being an investor, saw all these activities as a natural progression for Saint John, whom she called a "born star." To Saint John, her sense of social responsibility is interconnected with the work she does as a marketer. But where some see stardom, others see a potential problem. Multiple people interviewed for this article said Saint John's outsize personality risked outshining the very brands that she's been hired to promote. "She puts on other coats, jackets, and uniforms sometimes, but she's only worked for one company the entire time, which is the Bozoma company," one marketing executive said. "She's the very definition of the CMO of herself."  This tension can be more intense for executives of color, who already face systemic bias. To Mildenhall, the bigger Saint John's profile gets, the greater tensions could become with the brands that employ her.  "Everybody should figure out what their authentic brand is, but that personal brand can never be bigger than the brand that you're in service of, or bigger than the company that you're working at," Mildenhall said. Netflix wants to have a bigger role in pop culture Netflix added 10.1 million paid streaming subscribers during the second quarter of 2020, even as the coronavirus pandemic decimated many other legacy and digital-media companies. It had a global marketing budget of $2.65 billion in 2019. But new competitors are challenging its service, including upstarts like Quibi and more successful launches like Disney Plus and HBO Max. Forrester principal analyst Jim Nail said co-CEOs Reed Hastings and Ted Sarandos have recently begun emphasizing Netflix's ability to influence pop culture through a steady stream of original hits like "Bird Box," which helps it retain subscribers and sign up new ones who don't want to miss out on the latest cultural phenomenon. Netflix has also sought to deepen its relationship with the Black community through investments in Black-owned businesses and colleges, as well as collaborations with influencers like former first lady Michelle Obama and the filmmaker Ava DuVernay.  Nail said Netflix's goal of influencing culture lined up with Saint John's record of helping companies stand out by co-opting trends beyond their industries. "It's almost a repositioning. They're certainly enhancing and enriching their positioning with the idea of being a key part of culture," he said. There may be no one better-suited to help it than Saint John, who built a career by ignoring the rules and finding a place in culture for everything from high-end headphones to canned sugar water. And for that, Saint John isn't apologizing. "You know how many times I've been told I'm too much? A lot. All the time," she said during her inaugural Badass Workshop. "But it's the reason I'm successful. It's the same things that they'll celebrate you for that they'll criticize about you too."SEE ALSO: We mapped out Netflix's 56 most powerful executives including its new co-CEO and CMO in an exclusive interactive chart Join the conversation about this story » NOW WATCH: We tested a machine that brews beer at the push of a button
Radish, an app that publishes fiction with a focus on romance novels, announced on Tuesday it raised $63.2 million in Series A funding led by SoftBank Ventures Asia and Kakao Page Corp. The app publishes novels chapter by chapter, giving readers the option to either wait for the next book chapter to unlock or pay to read it immediately. CEO Seungyoon Lee told Business Insider the app is his attempt to introduce mobile serialized fiction, popular in East Asia, to the US market. Radish produces its own content through a series of "writer's rooms," where soap opera writers produce chapters for stories daily. Visit Business Insider's homepage for more stories. If you're in a nautical mood, you can peruse "My Pirate Prince." Or if you want something more earthy, you can try "Tempted By My Brother's Best Friend."  Those are just a few of the e-books that have racked up millions of reads on Radish, an app that publishes romance fiction in bite-sized chunks. On Tuesday the startup announced it raised $63.2 million in Series A funding led by SoftBank Ventures Asia and Kakao Page Corp. Radish plans to use the money to open a new office in Los Angeles, where it will hire more staff and expand into the entertainment industry by adapting its original stories into TV shows and games. Radish features a few serialized genres — like science fiction, horror, thrillers, and fantasy — but its biggest draw is romance. "Romance is not the only genre that we're going to focus on. But it was a great, great starting genre," Radish CEO Seungyoon Lee told Business Insider. "Because if you look at fiction reader behavior, romance readers almost read one book a month. Whereas mystery or other genre readers read much less." Radish's stories are readable a single chapter at a time. When someone reaches the end of a chapter, they either have to wait — times range from an hour to a day— to unlock the next chapter, or pay to read it immediately using an in-app currency that can cost up to $3.99 to acquire in bundles. The cost of reading a whole novel varies, the company says. "Each chapter/episode is a couple coins, and you pay for a bulk of coins! So, it's hard to say because it is dependent on the story,'' Radish spokesperson Grace Gathright said in an email reply to Business Insider. Lee said the app is styled after mobile gaming, where many apps are free but require payments for additional content. "The majority of players for Candy Crush is women," Lee said. "The majority of puzzle games, casino games— the players are women. We're using mobile gaming kind of monetization mechanics." So romance, a genre with a mostly female audience,  seemed like a natural way to introduce fiction apps to the US market. "I come from South Korea, and we do a lot of mobile, serialized fiction," Lee said. "I felt that here in the US, there wasn't that kind of platform." According to Radish, the app has become incredibly popular. The company did not disclose expenses, but said its revenue from daily sales has reached $100,000. "Torn Between Alphas," a romantic tale featuring werewolves, is listed in the app as having been viewed over 58 million times. Lee attributes that growth to the adoption of a "writer's room" model. Initially Radish published stories from contributing authors. But eventually the company hired a staff of almost 100 soap opera writers to produce new stories and update them with new chapters at a rapid pace. "We're a serialization platform on steroids," Lee said. "Our top story is getting serialized five times a day." Radish's model for producing new content resembles TV production, sans filming and actors. That's why new book chapters are called "episodes." "There are people who just focus on the plot," Lee said of his writers, "...there are people focusing on the editing, and there are showrunners who are actually putting all of these things together." Their writer's room, using the soap opera model, has produced as much as 700 new episodes a month.  Radish also tests different versions of the same story, switching details like titles and chapter openings to figure out what appeals most to readers. "Mobile readers have a very short attention span," Lee said. "So the first few paragraphs of the first chapter really has a strong impact." Lee said Radish had found through testing that first-person stories with female leads tended to beat stories written in third-person or with non-female main characters. But he didn't rule out eventually expanding into content aimed at a male readership, based on the popularity of similar apps in East Asia aimed at men. "There could be that kind of equivalent for the western audience in fantasy, or scifi, or even mystery-thriller," Lee said. "But it's a matter of content investment."SEE ALSO: PITCH-DECK LIBRARY: Search through over 150 pitch decks that startups including Uber, Postmates, and Airbnb used to raise millions Join the conversation about this story » NOW WATCH: How waste is dealt with on the world's largest cruise ship
Flowers are one of the traditional and popular methods of showing appreciation, affection, and gratitude towards our friends and family.It is certain that the flower is going to be evergreen as the tradition of gifting someone flowers cannot be replaced by anything else.With the on-demand Flower delivery app, users can customize the packaging and send it to people.The growing technology and increased usage of smartphones have brought many florists worldwide to partner up with the flower delivery app.Uber for the florist app acts as an effective medium for flower business owners to enhance their business and get more loyal customers.With some deep analysis, understand the business strategies adopted by your competitors and then develop the flower deliver app such that it conquers the shortcomings of similar niche apps in the market.Flower deliver sector stats and market trendsAs per IBIS reports, the revenue generated by the flower delivery business is $800 million, and it is expected to grow in the upcoming years.Last year alone, the flower market gained $60 million in the US alone.Around 36% of flower purchases are used for home decorations.This is the new trend that is going on that is to use flowers for home decor.Among the flowers sold online, 34% are fresh flowers, 46% are from outdoor breeding/ gardens, and 20% are flowering green house plants.In the flowers that are purchased, 63% of the buyers purchase it for themselves, and 37% gift it to others.Advanced features that ought to be part of flower delivery businessFeatures are crucial aspects to attract more customers and florist partners to the Uber for flower delivery app.
In the fast-paced life, people do not find the time to do household chores.An app like Uber for laundry has great prospects in the coming years.By 2024, the on-demand laundry sector is expected to reach $92.6 billion.Appdupe understands the tight-packed customers' schedule, so they have developed Uber for the laundry services app with a simple workflow.Customer schedules for laundry pickup.The delivery person tracks the customers' place using the GPS and locates it seamlessly.The order status is updated at every stage through push notifications.Once the order is ready and delivered, the customer can pay using secure payment gateway options.They can rate the delivery agent and service providers.The simple and effective Uber for laundry service app is bound to become part of people's smartphones.Visit our website to learn more about the attractive clone app solutions we offer.
Steve Jurvetson, a venture capitalist who is friends with Elon Musk, was an early investor in both SpaceX and Tesla.  Jurvetson, who left the firm Draper Fisher Jurvetson in 2017 after he was accused of sexual harassment, co-founded his new firm, Future Ventures, in 2018 and launched a $200 million fund in 2019. On Monday, the VC appeared on the podcast, The Twenty Minute VC, to talk about his friendship with Elon Musk, as well as what VCs look for when they meet with pitching founders.  Here's what the VC looks for in potential founders.  Visit Business Insider's homepage for more stories. Steve Jurvetson, a venture capitalist and long-time friend of Elon Musk, was an early investor in both SpaceX and Tesla. They've known each other for 24 years.  On Monday, the VC appeared on the podcast, The Twenty Minute VC, hosted by Harry Stebbings, to talk about his friendship with Musk, as well as what he looks for in founders when they're pitching for funds from investors.  Jurvetson had previously told Business Insider that he asks potential founders what the company will look like in 20 years. It's still his benchmark, and he explained further. "We want to invest in visionary founders," the VC told Stebbings on the podcast.  By asking founders about their 20-year vision, Jurvetson said, he can weed out founders who are simply looking to cash out. The VC said he looks for founders who are committed to their company for the long haul, and who have 20-year visions that are "more rich than anything they pitched."  "You want someone who is so deeply tied to their mission that they don't think about sort of the common logic of what's the best financial decision in the moment," the VC said. As entrepreneurs start crafting a vision for their company, Jurvetson said, those founders should take a page out of Elon Musk's playbook and launch "risky, save-the-world companies." The VC said Musk has an ability to focus on what's important at the moment, while still keeping an eye on the company's long-term vision. Jurvetson said that if you had asked Elon Musk about his 20-year vision when he founded Tesla in 2003, the CEO of Tesla would have said that in the future, every vehicle would be electric, "not just cars, but buses and boats and trains." Electric vehicles have the potential to save Earth and its citizens from suffering from the CO2 emissions that result from burning fossil fuels, Jurvetson said. Building an electric car was just the beginning. Jurvetson said that Musk's founding vision for SpaceX was not simply building a rocket, but colonizing Mars.  "Arguably it's a tough thing to pitch when you haven't yet built a rocket," the VC said, referring to Musk's ambition to colonize another planet, "and, yet that's really where his mind is at from the beginning." The VC said his eyes are peeled for founders who will go down in human history if their startup idea succeeds. "If SpaceX achieves its mission, humanity becomes a multiplanetary species," the VC said. "This will go down in the greatest hits of evolution, like the opposable thumb and like the neocortex." Jurvetson, who left the firm Draper Fisher Jurvetson in 2017 after he was accused of sexual harassment, co-founded his new firm, Future Ventures, in 2018 and launched a $200 million fund in 2019. The VC currently sits on the boards of Tesla and SpaceX. He took a leave from Tesla's board from November 2017 to April 2019, when it was announced that he will step down from the board at Tesla's 2020 Annual Meetings of Stockholders, which is slated for September 20, 2020, per Tesla's SEC filing.  Jurvetson, who also took a leave of absence from the SpaceX board following accusations of sexual harassment, will continue to serve on the SpaceX board, as TechCrunch previously reported.SEE ALSO: These two VCs were hobby Bitcoin miners a decade ago, and now they've raised $110 million for a second fund focused on cryptocurrencies and blockchain startups SEE ALSO: PITCH-DECK LIBRARY: Search through over 150 pitch decks that startups including Uber, Postmates, and Airbnb used to raise millions Join the conversation about this story » NOW WATCH: Why Pikes Peak is the most dangerous racetrack in America
Twitter is under investigation by the FTC and could face a fine of anywhere between $150 million to $250 million, the company disclosed in a regulatory filing Monday. Twitter said the FTC notified it of allegations that it improperly targeted ads at users based on information they had provided for "safety and security purposes," in violation a 2011 agreement. Twitter admitted last year that it had "inadvertently" targeted users with ads based on information they had provided to better secure their accounts. The company's privacy and security practices have come under renewed scrutiny following a major hack last month that resulted in dozens of high-profile accounts being compromised. Visit Business Insider's homepage for more stories. Twitter disclosed in a regulatory filing Monday that it is under investigation by the Federal Trade Commission related to allegations that it violated a 2011 consent agreement  — and that it's expecting a "probable loss" of somewhere between $150 million and $250 million. "Following the announcement of our Q2 financial results, we received a draft complaint from the FTC alleging violations of our 2011 consent order. Following standard accounting rules we included an estimated range for settlement in our 10Q filed on August 3," a Twitter spokesperson told Business Insider. A spokesperson for the FTC declined to comment. The FTC's complaint specifically centers on Twitter's alleged use of "phone number and/or email address data provided for safety and security purposes for targeted advertising during periods between 2013 and 2019," according to the filing. Twitter said in the filing that it had set aside $150 million to cover a potential fine from the FTC, noting that "the matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome." Last October, Twitter admitted that it had used phone numbers and emails — which users had uploaded with the intention of securing their accounts with two-factor authentication — in order to target them with ads. Twitter said the data had been used "inadvertently" and that it didn't know how many people had been affected. In the complaint, the FTC alleges that incident put Twitter in violation of a agreement it reached with the agency in 2011, which was part of a settlement of charges that the company "deceived consumers and put their privacy at risk by failing to safeguard their personal information." As part of that settlement, the FTC barred Twitter "from misleading consumers about the extent to which it protects the security, privacy, and confidentiality" of their private information, and it also required Twitter to implement a "comprehensive information security program" subject to independent audit every other year. Twitter is facing renewed scrutiny surrounding its security measures following a major hack last month where employees were tricked into giving hackers access to internal tools that allowed them to hijack dozens of high-profile accounts including those of Barack Obama, Joe Biden, Elon Musk, Kanye West, Apple, and Uber. The hackers then used the accounts to orchestrate a cryptocurrency scam that netted them at least $120,000. Three individuals have been arrested in connection with the incident.Join the conversation about this story » NOW WATCH: A cleaning expert reveals her 3-step method for cleaning your entire home quickly
The on-demand transportation industry is expected to stay and continue to grow at least until 2023, and Uber, which is currently valued at about $60 billion is expected to be valued at over $300 billion by 2023.If you are one of those who would like to capitalize on this on-demand wave, you will need to have a basic understanding of how Uber functions!
UberEats is the best food delivery business available in 45 countries across 6000 cities.UberEats provides the best mobile application to check the order features like dining in or out, availability, and more.The safety as a priority to the store and driver-partners.If the User wishes to go dining, The users can book the dining in the UberEats app before arriving at the restaurant.The user may get a high offer and promo code.It makes a hugely profitable business in a short span of time.
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