And it started an all-Tesla, all-employee ride-hail service, in part so its charging infrastructure would see guaranteed utilization.
The move comes after Revel successfully piloted the model in late February with 100 Revel drivers and has since brought on 100 more.
The question of flexibility has been at the heart of the debate over whether ride-hail drivers should be classified as gig workers or employees.
That said, Rubinson says Revel’s ride-hail portion of the business recently hit gross margin positivity and was tracking to be EBITDA positive by the end of the year.
In 2022, Frank Reig, Revel’s CEO, told TechCrunch that over 90% of its charging hub utilization came from Revel’s own ride-hail fleet.
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BLKFAM considers its platform the first and only Black-owned and Black-focused family streaming service.
The company’s goal is to serve Black audiences who often feel misrepresented/underrepresented in mainstream media even though it’s the demographic that watches the most TV.
According to Nielsen, Black audiences consume over 81 hours of media on a weekly basis.
BLKFAM aims to release content that “entertains, educates, and celebrates Black American family-friendly content,” the company wrote in its press release.
BLKFAM is now available on Amazon Prime Video Channels, Amazon Fire TV, Apple TV, Roku, YouTube TV, Samsung Smart TVs, Vizio, LG, and iOS and Android devices.
E-commerce company eBay said today that it plans to let go of 1,000 employees or around 9% of its workforce due to the ongoing economic conditions.
The company said in a blog post that it also plans to cut contract roles in the coming months.
The company’s CEO Jamie Iannone admitted that the company hired fast, but it didn’t grow enough to justify the headcount.
In Q3 2023, eBay registered $2.5 billion in revenue and $1.3 billion in profits.
The company also earned $2.2 billion by selling its equity in online ad business Adevinta to Permira and Blackstone last year.
