Uber drivers to strike over pay and benefits ahead of the company’s $90 billion IPO

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

United States Headlines News

United States Latest News,United States Headlines

Uber drivers to strike Wednesday over pay and benefits ahead of the company's $90 billion IPO.

. Protests are reportedly expected in at least eight U.S. cities in total, including Chicago, Boston and Philadelphia.

Uber and Lyft did not immediately respond to requests for comment on the protests or workers’ allegations of unfair pay standards.in their IPO prospectuses that reclassifying its drivers as employees would negatively impact their businesses. That might be part of the reason both companies have included rewards for drivers who have played the most active role in building up their services as part of their IPOs.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Low unemployment numbers, but at whose expense?

Never studied this business model... so I bring my own damn car, make money for some guy who developed an app. In return for which I now have to fight over my pay and benefits. What am I missing here? I own the damn car he needs for me to make him money? Huh?

OK....strike away and have a good day...oops, an enjoy your cut in pay!!!

Stop driving for Uber, Just another corperation getting rich off poorer desperate working class. Hell they didn't even have to buy equipment to run the company, Your car, your phone...

MUNICIPALWASTE

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO“In 54 years, I don’t think Berkshire has ever bought a new issue,” Warren Buffett said. Uber drivers planning to boycott all day of IPO and not drive. Make your plans accordingly. Yes - $BRK bought an IPO in 2018 ... StoneCo $STNE in the fall of 2018 ... guess Todd didn’t talk much about it or discuss!
Source: CNBC - 🏆 12. / 72 Read more »

Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO everBerkshire Hathaway Chairman and CEO Warren Buffett explains why he passed on Uber's initial public offering. Nothing like watching 3 white Banksters on 'cnbc' while futures are down sharply. Buffet is a criminal. 😎😍 Pretty sure people should educate themselves on investments and not just count on what Warren is doing...justathought
Source: CNBC - 🏆 12. / 72 Read more »

Uber, Lyft drivers plan to strike ahead of Uber’s IPODrivers are calling for better job security, a livable income and a cap on the ride-hailing companies’ commission. Unfortunately it doesn't matter, they will lose their jobs to automation eventually anyways. This is why we need UBI.
Source: washingtonpost - 🏆 95. / 72 Read more »

Ride-hailing drivers in New York to strike ahead of Uber IPOUber Technologies Inc's drivers in New York will go on strike next week sho... They start their own ride hailing company when? They have a huge problem coming up with employees masquerading as subcontractors, I'd guess that any ruling not in their favor might bankrupt them.
Source: Reuters - 🏆 2. / 97 Read more »

Uber and Lyft drivers plan to strike and rally ahead of Uber's IPORideshare drivers are planning to strike and rally again — this time, ahead of Uber's impending IPO Should be for the whole day
Source: CNN - 🏆 4. / 95 Read more »

Uber drivers will go on strike over pay and benefits ahead of the company's $90 billion IPORide-hailing drivers are planning to strike on Wednesday to protest low wages as Uber prepares to follow Lyft onto the public market. They knew the structure of Uber when they took the jobs. Stop crying and get another job if you don't like it. Why did you become an Uber driver in the first place? $90billion & never made a dime work that one out America Drivers operating their own vehicles setting their own hours are not paid wages nor are they entitled to benefits they are in fact contractors however the rates are set by ride share companies not drivers and the rates paid to the contractors is half what it should be.
Source: CNBC - 🏆 12. / 72 Read more »

Uber is 'totally different' to Lyft, major investor Saudi Arabia says ahead of IPOSaudi Arabia's sovereign wealth fund says Uber is 'totally different' to Lyft despite investor concerns over profitability.
Source: CNBC - 🏆 12. / 72 Read more »

Uber in driver’s seat as IPO market gears up for busiest week since 2015The U.S. initial public offering market is facing its biggest week since 2015 with at least 15 deals expected to price, including Uber, the biggest IPO since...
Source: MarketWatch - 🏆 3. / 97 Read more »

Uber takes IPO roadshow to New York as demand builds upUber Technologies Inc CEO Dara Khosrowshahi and his top management team took the... Uber miss the times that CEOs in US were called Ford Johnson Jobs well this one wont' temember for awhile 😉 Kosowo... Korolosso... Koierughieurgheiru... WTF?
Source: Reuters - 🏆 2. / 97 Read more »

As IPO looms, Uber clings to hard-knuckled tactics in pursuit of growthUber co-founder and former CEO Travis Kalanick used to tell investors he liked t... If Uber drivers are simply contracted workers, then there shouldn't be any problem if they choose to unionize.
Source: Reuters - 🏆 2. / 97 Read more »