Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Independent Drivers Guild

Grocery Wars

Grocery Delivery is the Real Reason for Uber’s Willingness to Unionize

The future of Uber might just be in retail and delivery, just as the future of supermarkets could be in delivery apps. That means, app-based driving will be the next frontier for unions, and the Independent Drivers Guild could one day be bigger and more powerful than the Teamsters.

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Crazy StocksMarket Insanity

Has Uber Destroyed Hertz’s Business?

There is finally some evidence to validate the hypothesis that networked-transportation solutions such as Uber are a threat to car-rental companies.

The percentage of North American business travelers that listed Uber and Lyft on their expense reports exceeded the percentage those who listed car rentals for the first time, Bloomberg reported. The accounting software firm Certify reported that 40% of professionals listed car rentals as an expense and 43% listed ride-hailing apps as an expense during fourth quarter 2015.

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Market Insanity

Uber Drivers Unionize in New York

One recent development could change everything about ride-hailing; Uber drivers in New York City have unionized. Uber drivers in the Big Apple can now join something called the Independent Drivers Guild; or IDG, which will act as a mediator between the company and drivers, RE/Code reported.

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