Pivot Pivot Schooled #3: The Sharing Capitalists, with Uber CEO Dara Khosrowshahi and Gig Workers Collective co-founder Vanessa Bain
Sep 8, 2020
Dara Khosrowshahi, CEO of Uber, shares insights on the gig economy's challenges, particularly around worker classification and the implications of Proposition 22. Vanessa Bain, co-founder of the Gig Workers Collective, advocates for gig workers’ rights, emphasizing the need for better protections amid evolving labor laws. They discuss the impact of the pandemic on gig work, the push for unionization, and the importance of balancing flexibility with employee-like benefits, all while navigating a shifting economic landscape.
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Apple's $2 Trillion Valuation
- Apple's stock price doubled, reaching $2 trillion, despite no increase in earnings.
- This is due to their shift towards a recurring revenue model, like Amazon.
Big Tech vs. The Rest
- The top 50 companies in the S&P 500 are up 11-12%, while big tech is up 42%.
- This disparity highlights how larger companies are thriving in the current economy, while smaller ones struggle.
Gig Economy Adaptability
- Gig economy companies like Uber can easily adjust expenses during crises by reducing driver numbers.
- They also pivot quickly, like Uber shifting to food delivery during the pandemic's ride-hailing decline.