Uber and Lyft drivers around the world are striking on Wednesday to improve wages and working conditions just two days ahead of Uber's monster IPO that could generate $80 million to $90 million.In New York, drivers are striking from 7 a.m. to 9 a.m., according to the New York Taxi Workers Alliance. In some cities, like Los Angeles, drivers are being urged to keep the ride-sharing apps off all day. In Atlanta, the strike is slated for noon to midnight.
— LAANE May 7, 2019 The head of our Street Heat Committee, Karim Bayumi, out with his team at LAX International Airport. to raise the temperature by convincing drivers at Uber and Lyft lots to get ready to turn their #AppsOFFMay8 at midnight for 24-hours until midnight May 9th. #StrikeUberLyft pic.twitter.com/jmbiqWrObQ
New York drivers are fresh off a recent win against the city with a new law that mandates ride-hail companies pay at least $17.22 an hour after expenses, which other cities have hailed as an example, especially in expensive housing markets like L.A. Still, drivers say it's hard to make ends meet in major markets on that wage.
"These investors of Lyft are making hundreds of millions and billions in the IPO while millions of drivers are trying to make rent," Sinakhone Keodara, a Lyft driver in L.A. who was recently homeless, told ABC News at the time."In this new economy, there cannot be innovation without labor standards."
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Strike by Uber and Lyft drivers Wednesday has potential to disrupt travel for thousandsThe work stoppage could mean longer waits for service and surge pricing — if you can hail a ride at all. Get a real job if you want more money. Uber is not a job, the commercial tells us it's a 'side hustle' 🤣🤣🤣 Then should drive a taxi 😂
Source: washingtonpost - 🏆 95. / 72 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, Lyft drivers in New York, other cities set to strike for two hours WednesdayDrivers in seven other U.S. cities, as well as London, will participate in the stoppage, aimed at getting more job security and other improvements.
Source: USATODAY - 🏆 100. / 63 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 »
Uber, Lyft drivers on global strike just before Uber's IPOUber and Lyft drivers on global strike to improve wages and working conditions just two days ahead of Uber's monster IPO. Love a good protest. Now they learn the company software they installed on their phones encrypts all their data until they go back to work Don't they use there own cars so if they want better working conditions. They need to buy a newer car.
Source: ABC - 🏆 471. / 51 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 »
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 »
Uber drivers to strike over pay and benefits ahead of the company’s $90 billion IPODrivers argue the road to both companies’ IPOs has been paved by workers who Uber and Lyft have insisted for years are merely contractors. MUNICIPALWASTE 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... OK....strike away and have a good day...oops, an enjoy your cut in pay!!!
Source: NBCNews - 🏆 10. / 86 Read more »
Lyft stops providing key data after IPO, then insults investors’ intelligenceLyft suggested that investors’ poor little brains just couldn’t handle a separate figure outlining the actual size of its business, yet offered several different versions of profitability, Therese Poletti writes. Lyft and Facebook just don’t understand why companies that don’t make and money and are going to continue to be dependent on the market for cash is a good deal. I don’t see how their business plans work long term. Like Tesla, they depend on investors buying into a fantasy. Lyft can not answer the question when and how they will ever be profitable. retheauditors HorridHenryVIII a good person to follow when it comes to accounting and business issues. She really is fabulous on getting to the heart of the matter.
Source: MarketWatch - 🏆 3. / 97 Read more »
Lyft shows large losses in first earnings since IPO, but sales beat expectationsLyft Inc. reported better sales than expected in its first quarterly earnings report as a public company Tuesday, but also disclosed massive losses even...
Source: MarketWatch - 🏆 3. / 97 Read more »
Lyft takes some gas out of Uber’s IPOThe smaller ride-hailing app beat revenue estimates with its first post-listing results and burned less cash. But growth is slowing, making profit a more distant goal for the $17 bln firm. That, and a fresh wobble in the stock, flash a hazard light for its big rival’s offering.
Source: Breakingviews - 🏆 470. / 51 Read more »