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Danny McCance 24 Aug 2017 01:08pm

Uber revenues withstand recent scandals

A spate of recent controversies involving the taxi-sharing platform Uber have not hurt its bottom line, with the company recording a 17% increase in bookings for Q2

Financial results from Uber, given to US publication Axios, also showed that booking had doubled year-on-year to $8.7bn.

Adjusted net revenue for the company was up by quarter of a billion dollars from $1.5bn in Q1, more than double the $800m recorded in Q1 2016.

However, these figures were recorded among a tumultuous period for the company.

In May, the company found itself the crosshairs of MPs – alongside other gig economy companies like Amazon, Hermes and Deliveroo – after a report from the Work and Pensions Committee published suggested that these companies were failing to protect workers from exploitation and poor working conditions.

The situation regarding rights and taxation of employees was later addressed to some extent in the Taylor Review, published last month.

June saw a raft of high profile readjustments in senior management, including the dismissal Anthony Levandowski, its self-driving engineer over a legal battle over trade secrets, and the resignation head of Finance Guatam Gupta.

Two weeks after Gupta’s resignation, CEO Travis Kalanick resigned following shareholder pressure.

During this period there was also reports published revealing that the company had used a tax loophole to avoid as much as £40m in taxes in the UK.

Meanwhile, fellow gig economy driver Airbnb has attempted to take steps towards mitigating damages to its reputation over perceived discrimination and

The house-sharing platform Airbnb yesterday announced on Twitter that it has hired actor Danny Glover in its move towards engaging allegations of racism by some of its hosts and guests.

"We’re proud to work with @MrDannyGlover to help more people of color benefit from home sharing,” a tweet from the company read.

In September last year Airbnb released a report written by Laura W. Murphy, the director of the American Civil Liberties Union Washington Legislative Office, to address perceived discrimination and bias in it’s system.

Following the neo-Nazi March in Charlottesville this month Airbnb identified and removed any white supremacists from properties booked through their platform in the area.

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