Here’s how many Bay Area homes Lyft employees can buy with IPO cash
Every single home in San Francisco listed for sale on Thursday, nearly a third of all affordable homes in the Bay Area, or about half of the least expensive houses in San Francisco and the East Bay:...
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Lyft shares plunge below their IPO price
Lyft’s shares plunged to close below their IPO trading price Monday, as analysts highlighted the challenges facing the ride-hailing giant as it tries to turn a profit. Analysts are releasing their...
View ArticleBay Area IPOs to add some fuel to hot housing market
The stream of newly minted, IPO payouts from Lyft — and soon, other tech unicorns — may have Bay Area home sellers dreaming of bigger payouts and buyers wary of even heftier mortgages. But Bay Area...
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Zoom’s valuation set to surge with latest IPO pricing plans
Video conferencing company Zoom Video Communications took another step toward going public, filing updated paperwork that sets it up for a valuation of as much as $8.25 billion. In documents filed...
View ArticleUber to go public at last in what could be one of biggest IPOs
The biggest IPO of the year is on its way. Uber’s initial public offering, expected to value the controversial company that has transformed transportation at about $100 billion when it goes public next...
View ArticleZoom Video, Pinterest debuts boost Bay Area tech IPO boom
In a year of rebound for high tech public offerings, Pinterest and Zoom Video Communications on Thursday became the latest of Bay Area companies to join the IPO caravan — and each got off to a smashing...
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Bay Area job market powers to big new employment gains
The Bay Area’s job market in March powered to its strongest monthly gains so far in 2019 — and the best month since June — with a hiring surge led by Santa Clara County and the East Bay, state labor...
View ArticlePedestrian seriously injured when truck plowed into Southern California crowd...
A woman seriously injured when a driver plowed into a crowd of pedestrians in Fullerton’s downtown has filed a lawsuit against Lyft, alleging that two of its ride-share drivers were illegally parked...
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Uber drivers plan pre-IPO protest, strike
Hundreds of Uber drivers plan to march from San Francisco City Hall to the company’s San Francisco headquarters on May 8, which the drivers believe is the day before the ride-hailing giant will have...
View ArticleUber drivers strike, protest ahead of company’s IPO
SAN FRANCISCO — Two days before Uber is set to go public, the drivers who power its business protested and went on strike around the nation and beyond. Drivers, organizers and their supporters...
View ArticleUber IPO falls flat in worst first-day showing of tech unicorns this year
The long-awaited IPO of Uber, the brash ride-hailing giant that has changed transportation around the world, turned out to be a dud Friday. Despite its efforts to tamp down expectations, the San...
View ArticleAs Uber, Lyft IPOs mint millionaires, drivers say their pay is going down
SAN FRANCISCO — When Elias Da Silva first started driving for Uber and Lyft three years ago, he could make $250 within eight or nine hours of driving. Now, he said, it takes him 12 to 14 hours to earn...
View ArticleOpinion: New worker protections could reshape gig economy firms
Most workers in the “gig” economy were unaware of a significant milestone that passed this month: the one-year anniversary since the California Supreme Court ruled in favor of employees in the case of...
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The shared bike and scooter industry often leaves out people with...
OAKLAND — Bonnie Lewkowicz was 15 years old when the all-terrain vehicle she was riding in hit a pothole and flipped over, breaking her neck and paralyzing her from the waist-down. She had been...
View ArticleDefiance in California after NLRB decision about Uber drivers’ contractor status
Flying in the face of last year’s California Supreme Court ruling on gig-worker classification, a National Labor Relations Board memo on Uber drivers made public this week and a recent Labor Department...
View ArticleSan Jose issues first scooter permit to Lyft
Beating out Bird and Lime, Lyft became the first permitted scooter operator in San Jose this week. “We are processing a couple of other permit applications and expect to issue those soon, too,” said...
View ArticleUber, Lyft executives urge California compromise on driver pay
Faced with legislation in California that endangers their business model, Uber Technologies and Lyft are urging a compromise that would keep their drivers from being considered employees. “We can make...
View ArticleBoomers, not millennials, may be the most active generation in the gig economy
Millennials may have given rise to the hustle culture, but when it comes to putting in hours in the gig economy, Baby Boomers might have them beat. Baby Boomers — those born between 1946 and 1964 —...
View ArticleOpinion: Gig economy workers must be ‘in the room where it happens’
Uber, Lyft and the burgeoning ride-sharing industry are confronted with the 2018 California Supreme Court Dynamex ruling that will convert their drivers from independent contractors who possess no...
View ArticleOpinion: 21st century California workers need portable safety net
As Uber and Lyft scramble to find a profitable business model, it’s not surprising that they are opposing California Assembly Bill AB5. If this law goes into effect, it would force them to treat their...
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