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. The hours drivers plan to strike vary by location but will span from New York to Atlanta to Tokyo. In
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."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
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
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.
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.
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.
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.
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.
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.
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...
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.
Read more »