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These 5 Side Hustles Are On Their Way Out In the Trump Economy
Yahoo Finance· 2025-09-20 11:06
Group 1: Side Hustle Trends - A significant 51% of Americans engaged in side hustles in 2024, indicating a strong trend towards supplementary income sources [1] - The side hustle landscape is evolving, with traditional lucrative gigs potentially losing profitability due to economic changes and AI advancements [2] Group 2: Rideshare and Food Delivery Industry - The rideshare and food delivery sectors are facing challenges due to rising living costs, leading to decreased consumer spending on services like Uber and DoorDash [3] - The average cost of a new vehicle has reached $49,740, increasing the financial burden on drivers who rely on their vehicles for income [4] - The saturation of the rideshare and food delivery market has intensified competition, resulting in lower demand and earnings for drivers, who currently make between $17 to $24 per hour [5] Group 3: Freelance Opportunities - Freelance social media managers earn between $25 to $44 per hour, while web developers make between $35 to $55, but entry-level positions are struggling to keep pace with rising costs [6] - The average pay for entry-level social media work is $26 per hour, which is impacted by tariffs on imported goods, leading to higher living expenses [7] - Food prices are projected to rise by 3.3% by year-end, exacerbated by tariffs on imports, further diminishing the purchasing power of side hustlers [7]
Uber to buy 85% stake in Turkish food delivery platform for $700 million
CNBC· 2025-05-06 13:24
Founded in 2010, Trendyol GO is run by Turkish e-commerce platform Trendyol, which is majority owned by Chinese titan Alibaba. The platform hosts roughly 90,000 restaurants and 19,000 couriers across the country. In 2024, Trendyol GO delivery more than 200 million orders and generated $2 billion in gross bookings, a jump of 50% year over year, Uber said in the securities filing. The announcement comes as Uber is set to report first-quarter earnings before market open on Wednesday. The rideshare and food del ...