Last week, the Japanese multi-national powerhouse Softbank announced that they would be investing up to $3 billion in the American firm WeWork which manages co-working facilities.
On the surface, this would seem to be a validation of the co-working concept, If this deal closes, it would put the value of WeWork at an impressive $20 billion – obviously they have made it to the “big league”. Since I am self-employed and have been shopping for a co-working facility for myself, I decided to pay a visit to the We-Work facilities in downtown San Diego to take a look for myself.
A new organization called the “Independent Drivers Guild” has been formed to represent an estimated 35,000 Uber in New York. This guild was founded by Uber and the Machinists union and will give drivers a process to appeal their terminations and will form a new “Works Council” intended to give them a voice in communicating with management.