Advertisement
Canada markets closed

  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CAD/USD

    0.7273
    +0.0010 (+0.13%)
     

  • CRUDE OIL

    83.20
    +0.47 (+0.57%)
     

  • Bitcoin CAD

    88,447.31
    +1,232.16 (+1.41%)
     

  • CMC Crypto 200

    1,381.36
    +68.74 (+5.24%)
     

  • GOLD FUTURES

    2,402.80
    +4.80 (+0.20%)
     

  • RUSSELL 2000

    1,940.35
    -2.61 (-0.13%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     

  • VOLATILITY

    18.96
    +0.96 (+5.32%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6823
    +0.0002 (+0.03%)
     
MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

U.S. workers of SoftBank-backed Mapbox form union, seek recognition

Reuters
·1 min read

June 15 (Reuters) - Workers of location data platform Mapbox said on Tuesday they have formed a union to represent all U.S. employees, but the management has not yet responded to their request for a voluntary recognition.

So far, 147 of its eligible 220 U.S. workers have signed cards with the Mapbox Workers Union.

The company, which provides mapping services and a location cloud platform for developers, did not immediately respond to a Reuters request for comment.

The SoftBank Group-backed company and Google Maps-rival has raised about $334 million in funding and has over 500 employees globally.

Its customers include Facebook Inc, Snap Inc , IBM Corp, Lonely Planet, CNN and Instacart.

ADVERTISEMENT

Workers at technology firms like Google-parent Alphabet Inc and crowdfunding platform Kickstarter have formed unions to grapple with working conditions and business practices of big internet companies.

Meanwhile, e-commerce giant Amazon.com has resisted unionization fiercely.

San Francisco-based Mapbox is in talks with SVF Investment Corp 3 to take it public, according to a report by Sky News in April. (Reporting by Nilanjana Basu in Bengaluru; Editing by Devika Syamnath and Arun Koyyur)