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As gig economy companies like Uber continue to bring in more money and users, the rising tide has not lifted all boats.
In the last quarter, rideshare and food delivery companies raked in the revenue: Uber brought in nearly $4 billion; DoorDash accrued $1.24 billion; Just Eat Takeaway, which owns Grubhub, made $884 million; and Lyft generated $765 million. But where is that money going?
According to Matt Spoke, CEO of gig economy fintech provider Moves Financial, a lot of it is being spent on...
https://www.freightwaves.com/news/this-company-is-turning-gig-workers-into-gig-economy-shareholders
A new survey of the gig economy found that it grew 33% to $1.6 trillion in 2020, despite the onslaught of havoc brought upon the economy by COVID-19.
The online survey of 2,788 U.S. adults by payments firm daVinci Payments also had some other surprising facts about the nation’s gig workforce. The survey is based on the 35% of respondents who identified themselves as gig participants.
Defined as temporary or part-time work conducted by independent workers, the survey found that 63% of gig workers...
https://www.freightwaves.com/news/covid-didnt-kill-gig-economy-the-pandemic-accelerated-it