Uber proposes industry-wide gig worker benefits model in Canada
Uber Technologies Inc (UBER.N) on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share data on workers’ hours and earnings.
DoorDash plunges into loss on pricey grocery expansion
Food-delivery firm DoorDash Inc’s (DASH.N) loss widened more than expected in the second quarter as the U.S. upstart spent heavily to expand internationally and into a crowded market for grocery during the pandemic.
Payments company Marqeta beats revenue estimates as transactions surge
Payments company Marqeta Inc (MQ.O) reported a 76% jump in second-quarter revenue on Wednesday that beat market estimates, as the company benefited from a surge in transactions made through its platform.
Payments startup Marqeta valued at over $17 bln in Nasdaq debut
Shares of Marqeta Inc (MQ.O), which provides payments services to customers including Uber Technologies Inc (UBER.N) and DoorDashInc, rose more than 20% in their Nasdaq debut, giving the firm a market capitalization of over $17.2 billion.
SoftBank-backed DoorDash enters Japan
U.S. food delivery firm DoorDash Inc (DASH.N), which is backed by SoftBank Group Corp (9984.T), announced the launch of services in Japan on Wednesday, joining an increasingly crowded market that has grown during the COVID-19 pandemic.
