Why Uber Is Devaluing Its Rewards Program Now

phone with uber on it
Jun 05 2020

Uber is devaluing its rewards program, dropping the option to redeem 500 points for $5 cash. This was the simplest and straightforward redemption option.

Though Uber offers a milquetoast statement to explain the move, the truth is this represents a huge change in strategy for the company – walking away from plans to build their own digital currency.

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Watch Your Wallets: Transportation Secretary Says Let’s Talk About Another Airline Bailout In The Fall

Jun 04 2020

Transportation Secretary Elaine Chao isn’t ruling out another bailout and says it’s something to discuss and consider in the fall, if airlines need one.

However there was absolutely no reason to bail out the airlines and for the overall economy – and for workers who will lose their jobs anyway – the bailouts were actually destructive. Still, the President doesn’t want mass layoffs one month before the election.

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