The Washington Post
ALSO I N BUSINESS
Uber drivers are employees, not contractors, and so they are entitled to greater workers’ rights under local labor laws, a Dutch court ruled on Monday, handing a setback to the U.S. company’s European business model. It was another court victory for unions fighting for better pay and benefits for those employed in the gig economy and followed a similar decision this year about Uber in Britain. Uber said it would appeal the decision and “has no plans to employ drivers in the Netherlands.”
Walmart said on Monday that a news release announcing a partnership with litecoin, which briefly led to a nearly 30 percent surge in the cryptocurrency’s price, was fake. The retailer said it was looking into how such an announcement, which was published by news release distributor Globenewswire, was issued earlier in the day. After Walmart called it fake, Globenewswire published a notice to “disregard” the news release. It did not comment when asked about the fake statement or subsequent notice.
Toast is aiming for a valuation of more than $16 billion in its U.S. initial public offering, according to a regulatory filing on Monday by the start-up that sells software to help restaurants with online and in-store orders. The 10-yearold company provides a software platform that allows restaurants to manage online ordering, operate an on-demand delivery network and integrate payment.