Gig Economy Business Model Skirts Calif. Labor Laws
By Mike Arias ( February 21, 2018, 11:32 AM EST) -- GrubHub lets you order food from your phone for delivery from local restaurants, often providing its own drivers to pick up and drop off the food when a restaurant does not offer its own, in-house delivery. GrubHub is just one of a crop of startups that make available services at prices that were unthinkable just a decade ago: Uber and Lyft (on-demand car services), Postmates ("get anything delivered"), TaskRabbit (handyman services), and Instacart (grocery delivery). Wall Street and Silicon Valley have taken notice. GrubHub, which had its IPO in 2014, has a market cap of over $7.4 billion. In November of 2017, the Wall Street Journal reported that Uber was valued at around $48 billion. TechCrunch values Lyft at $7.5 billion and Postmates at $140 million....
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