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Wed. 09/11 - California Borks The Gig Economy (?)

Sep 11, 2019
A new California law could reshape the gig economy by treating many workers as employees. Dutchie, a cannabis e-commerce platform, has secured $15 million in funding, putting it on par with Shopify. Facebook's Libra faces heightened scrutiny in Switzerland, complicating its future. The latest iPhone event showcased impressive features, like the U1 chip and an always-on Apple Watch display, alongside a shift to aggressive pricing and subscription models, indicating a new direction for Apple services.
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INSIGHT

Gig Economy Transformation

  • California's new law requires gig economy workers to be treated as employees.
  • This could significantly impact companies like Uber and Lyft and set a precedent for worker protections.
ANECDOTE

Uber Layoffs

  • Uber laid off 435 employees from its product and engineering teams, mostly in the US.
  • However, Uber Eats was spared, indicating its strong performance.
INSIGHT

Amazon QLDB Launch

  • Amazon's Quantum Ledger Database (QLDB) offers a centralized blockchain service.
  • It's designed for maintaining permanent transaction records, providing a familiar, easy-to-use interface.
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