California's Labor Commissioner’s Office has officially filed lawsuits against Uber and Lyft for engaging in systemic wage theft . Alex discusses how the ride sharing platforms might deal with these suits and explains how California Assembly Bill 5 fails to address the two biggest gripes from gig-economy workers and is little more than a thinly veiled tax grab. Learn more about legislation that hurts independent contractors and doesn't address the needs of gig-economy workers in this video: https://youtu.be/389RnJKdgts This is an excerpt from episode 108 of Winner Take All. Watch the full episode here: https://youtu.be/osaQRoDYe_E Originally Aired: 08/18/20 Labor Commissioner’s Office Files Lawsuits against Uber and Lyft for Engaging in Systemic Wage Theft: https://www.dir.ca.gov/DIRNews/2020/2020-65.html 0:00 - Subscribe for Tech & Business News Daily 0:42 - Labor Commissioner Files Lawsuit 1:26 - Damages From AB5 2:11 - AB5 Doesn't Solve Two Biggest Issues 3:28 - Uber Shut Down Imminent 4:43 - Protections Are Needed — ? Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. ... https://www.youtube.com/watch?v=6U8FVLa_lbw

The European Union has outlined an initiative in hopes of catching the European tech sector up with the United States and China. Alex explains how Europe's strict tech regulations (e.g. GDPR) have stifled startups and given advantages to tech monopolies that will be difficult, if not impossible, to reverse. Europe, Overrun by Foreign Tech Giants, Wants to Grow Its Own: https://www.nytimes.com/2020/02/19/business/europe-digital-economy.html — ? Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. ... https://www.youtube.com/watch?v=iRVIRLcZFWM