Do gig workers want to be employees? It depends who you ask

In the last few weeks, there have been surveys that suggest that rideshare drivers and other independent contractors would rather have full-time employment – except for those who don’t.

The employment status of these workers has been much debated and will continue to serve as the centerpiece of future legislation at the state level and in Washington. How a society and its political leaders can reach a conclusion that satisfies these workers and the companies that pay them may be one of the most...

https://www.freightwaves.com/news/do-gig-workers-want-to-be-employees-it-depends-who-you-ask

Mizuho: Little chance of federal gig worker regulation

While Uber (NYSE: UBER), Lyft (NASDAQ: LYFT), DoorDash (NYSE: DASH) and Grubhub (NYSE: GRUB) have significant exposure to potentially dramatic regulatory changes to the employment classification of the drivers critical to their operations, Mizuho Securities USA is not ready to issue a sell rating on the companies just yet.

In fact, the investment house, part of Japan-based Mizuho Securities, a wholly owned subsidiary of Mizuho Financial Group, believes there is upside to Uber and Dash and little...

https://www.freightwaves.com/news/mizuho-little-chance-of-federal-gig-worker-regulation

Grubhub sees strong revenue growth, but reports surprising quarterly loss

Grub posts revenue increase, quarterly loss

Grubhub (NYSE: GRUB) posted 52% revenue growth in Q1 2021 on revenues of $551 million compared to $363 million in Q1 2020, it said on Wednesday after market close.

Gross food sales grew 60% year-over-year to $2.6 billion, up from $1.6 billion in the first quarter of 2020, and the company said it saw high-single-digit year-over-year growth in orders.

“We are proud of our continued role in helping restaurants grow their businesses and supporting the communities where they operate. Our team...

https://www.freightwaves.com/news/grubhub-sees-strong-revenue-growth-but-reports-surprising-quarterly-loss