Do Uber and Lyft drivers in Seattle make $9.73 an hour or $23.25? That depends on whether you read a Berkeley University report commissioned by the city or a Cornell University report commissioned by the companies. CNET takes a good look at the situation, which is part of an ever-growing corporate versus labor battle over the “gig” economy. The Berkeley study, drawing from surveys of more than...
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The Briefing asia policy
What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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