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Should Uber be allowed a pilot scheme in Oxford? Readers have their say
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Queman un taxi de Free Now en Badalona y lo vinculan a Uber
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Uber and Tencent joined SoftBank as the biggest stakeholders in Chinese ride-hailing service Didi Chuxing, which debuted on Wednesday on the New York Stock Exchange and closed with a market cap of $67.8 billion. Delta Air Lines is one of the top investors in airport security vendor Clear, which rang the opening bell at the NYSE.
Among venture firms, New York s Insight Partners had the biggest day, thanks to its $1.45 billion stake in cybersecurity software company SentinelOne, while Highland Capital owns shares worth over $500 million in Xometry, a manufacturing marketplace.
There s plenty of money to go around for private equity firms as well. Francisco Partners owns over a quarter of LegalZoom, which celebrated by opening on the Nasdaq on Wednesday, and ad tech-company Integral Ad Science is majority owned by Vista. Integral rang the Nasdaq s closing bell.
Uber books $600m hit from UK drivers’ rights ruling
Uber reported a $600m hit for historical workers rights claims, but more are expected this year (Getty Images)
Uber has booked a $600m (£431m) hit following a landmark court ruling that forced the ride-hailing giant to pay its drivers minimum wage and holiday pay.
The San Francisco-based app last night said it had incurred the costs to settle historical claims relating to the classification of drivers as workers during the first quarter.
In March Uber agreed to give its 70,000 UK drivers holiday pay and pensions after the Supreme Court ruled they should be classed as employees rather than self-employed.
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