Uber loses driver classification litigation, we survey mobility investors, and new data suggests a COVID-19 vaccine should be easier to transport. This is your daily crisis for February 19, 2021.
The big story: Uber loses the UK legal challenge
The UK Supreme Court has upheld previous rulings that the Uber drivers who brought the case – which dates back to 2016 – are workers, not independent contractors.
“Drivers are in a position of submission and dependency with respect to Uber such that they have little or no ability to improve their economic position through professional or business skills,” the court said in a statement. “In practice, the only way to increase your income is to work longer hours while always following Uber’s performance standards.”
While Uber confirmed the decision, it stressed that it applies to the specific group of drivers who brought the case, many of whom no longer drive on the app.
Startups, Financing and Venture Capital
Ex-General Catalyst and General Atlantic VC Announce $ 68M Debut Fund – New York-based Avid Ventures Launches $ 68M Debut Venture Capital Fund.
With a $ 20 million round, Promise brings financial flexibility to outdated government and pension payment systems. Promise integrates with official payment systems to provide more forgiving terms on fees and debts that cannot all be processed at the same time.
Acast acquires the podcasting startup RadioPublic – RadioPublic was spun off from the public radio market PRX in 2016.
Advice and analysis of extra crunch
Ten investors predict that MaaS, on-demand delivery, and electric vehicles will dominate the future of mobility after the pandemic. The COVID-19 pandemic has not only put a strain on the transport industry, it has also exposed its weaknesses and uncovered potential opportunities.
A fraction of Robinhood users are driving runaway growth – A closer look at paying for order flow, a controversial practice where Robinhood is paid by market makers to run client trades.
Three Strategies to Increase Brand Authority in 2021 – Advised by Amanda Milligan, Fractl’s Marketing Director.
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Pfizer-BioNTech’s COVID-19 vaccine is now much easier to transport and distribute. Pfizer and BioNTech have collected new stability data that have been submitted to the US Food and Drug Administration.
The dizzying look at the persistence during the descent makes the “Seven Minutes of Terror” feel very real – NASA just shared a hair-raising image of the rover dangling from its jetpack over the Martian landscape.
Will the Texas winter disaster prevent another tech migration? – It is too early to say the exact toll the storm has taken on loss of life, property damage and economic activity.
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