The implications of the Supreme Court’s Uber ruling for rental firms
UK: Richard Bridger, COO of UnderTheDoormat and Hospiria, addresses how the UK Supreme Court’s judgement against Uber could have “serious” implications for short-term rental companies. On 19 February, the UK’s Supreme Court upheld a ruling that Uber drivers were workers for the company. This certainly has major implications for companies in the gig economy. I’m […]
Airbnb posts $3.9bn loss in post-IPO earnings report
US: Airbnb has posted a net loss of $3.9 billion in the fourth quarter of 2020 in its first earnings report since going public via its blockbuster IPO in December. The company incurred charges related to its IPO, including $2.8 billion of stock-based compensation expense, which led to the multi-billion loss in Q4 and a […]