Uber drivers strike on May 8 before IPO to protest low pay

REDONDO BEACH CA- MARCH 25 Driver and strike organizer Nicole Moore speaks during a one-day strike against Uber and Lyft in front of an Uber office. Over 200 drivers marched with signs and protested a recent 25% deduction in pay for Uber drivers

- Uber and Lyft drivers are planning to strike Wednesday in major metropolitan areas across the country, including the DC region. "We are protesting today demanding that the company pay drivers a decent wage and that government authorities tackle Uber's chronic unlawful behaviour".

The ride-sharing company Lyft surprised investors last night with a quarterly revenue rise of 95 per cent to $776 million in its first report since becoming a public company in March, but concerns remained about whether it would ever make a profit. Qualified drivers in the United States, Uber said in its filing, will get $100 to $10,000 (roughly Rs. 7,000 to Rs. 7,00,000) based on trips taken. Uber is paying more than a million drivers about $300 million in one-time bonuses for instance, and has changed policies such as allowing riders to tip.

Lyft posted revenue of $37.86 from each of its 20.5 million active riders during the first quarter, a 34% increase in revenue and a 46% increase in riders over the same period in 2018.

A person familiar with Uber's discussions with investors said the potential for Uber Eats in particular was resonating with investors.

The New York drivers' demands include greater job security, higher incomes and regulated fare for rides.

"With this strike, we want to deliver a message to the greedy companies who used us to reach their goals", San Francisco Uber driver Omar Alkhameri told Gizmodo.

More news: Who is going to win the Premier League?

Reports by The Verge have announced an oncoming strike organized by Uber and Lyft drivers. "We are calling for community standards that will ensure that Uber and Lyft do not create needless traffic and pollution".

Uber said in a statement: "Drivers are at the heart of our service - we can´t succeed without them - and thousands of people come into work at Uber every day focused on how to make their experience better, on and off the road". A driver in New Delhi showed his Uber app that said he had received an $84 (roughly Rs. 5,800) reward, while another in the city, Arvind Kumar, received $165 (roughly Rs. 11,500).

Along with declining wages and no worker protections, rideshare drivers are complaining about the lack of healthcare and paid time off. They have also devised more complicated formulas for determining what riders pay and what drivers earn. Like some other gig-economy companies, the two have long argued their drivers are independent contractors.

Lawrence Mishel, a distinguished fellow with the institute, found that "after accounting for Uber's commissions and fees and vehicle expenses, and taking into account the cost of a modest package of health insurance and other benefits equivalent to those earned by W-2 workers, Uber drivers earn the equivalent of $9.21 in hourly wages - less than what is earned by 90 percent of all other wage and salary earners".

Lyft is the second-largest ride-hailing service behind Uber - set to make its own stock market debut this week.

"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.

Related News:



Most liked

Michael Cohen, by turns lawyer and witness, becomes an inmate
Despite its reputation as one of the country's more comfortable prisons, the consultants stressed that Otisville was still prison. The vehicle stopped and was approached by law enforcement officers, who appeared to speak to its occupants for several minutes.

Top China trade negotiator to visit United States as tariffs threat looms
He said China had retreated from specific commitments, a move that would have led to substantive changes in the text of the deal. This would reverse a decision Washington took last February to keep it at 10 percent in the midst of trade talks.

Trump taxes show losses of $1.7 billion over decade
The White House and the Trump Organization did not immediately respond to requests for comment sent Tuesday evening. Because most of his businesses were not created as partnerships, Trump was on the hook for federal income taxes.

Android Q leak shows dark mode, improved privacy and intriguing Desktop Mode
The most interesting of which was what seems like a desktop mode which might work in a very similar way to how Samsung DeX works. The report shares a glimpse of some of the significant features that Google might be supposedly planning to bring on Android Q.

Iran to announce partial withdrawal from nuclear deal
A spokesman for Iran's Supreme National Security Council, Keivan Khosravi, dismissed Bolton's comments as "psychological warfare". The Iranian President said that the collapse of the nuclear deal is not only risky for Iran, but for the region and the world.

Klopp hails ‘genius’ Alexander-Arnold after Liverpool slay Barcelona
We got into their box in unsafe positions but we didn't take those chances. "We don't want any player to be injured. Should Mo Salah and Roberto Firmino be fit for that June 1 date in Madrid, the Reds will certainly be favorites.

Liu He to visit U.S. as tariffs threat looms
He said he would impose increases on an additional $325 billion of imports, covering everything China sells to the United States. We can't escape it, and with the imminent rise from 10 to 25 percent, our members have goods on the water.

UK concedes it must hold EU election amid Brexit delay
May has said she will step down once a Brexit deal has been ratified, but it's unclear when - or even if - that will happen. Anger within the Tory ranks at Mrs May has been fuelled by the potential for a softer Brexit deal with Labour.

United States trio shares PGA lead with McIlroy, Rose lurking
Homa said the experience of playing with two-times Quail Hollow champion Rory McIlroy on Saturday had held him in good stead. Hitting a trusty fade with his driver and putting with assurance, the 28-year-old Californian finished at 15-under 269.

Focus Mode might be Android's best new feature
And it's all for a good reason, as some of the updates that Google previously announced never made their way to their devices. The navigation screen has also been revised allowing users to control both navigation and their music from the same screen.

A sixth U.S. state enacts 'heartbeat' abortion ban
But supporters of heartbeat bills say the legal fight is a feature rather than a bug, because they hope it will lead to the U.S. Supreme Court reconsidering and overturning Roe , thereby restoring Americans' freedom to fully decide their own abortion laws.

Disney delays Avatar quadrilogy, dates three live-action Star Wars films
Avatar 2 will premiere on December 17, 2021, and the next films after that will be staggered every other year through 2027. Meanwhile, the next Star Wars film, Star Wars: The Rise of Skywalker , will land in just a few months on December 20.

Trump tweets ‘best horse did NOT win the Kentucky Derby’
In the 145th running of the Kentucky Derby , Maximum Security took an early lead and held off all challengers on the muddy track. Code of Honor was moved up to second and Tacitus was third. "Those horses were all affected by the interference".

Liverpool vs FC Barcelona: Confirmed line-ups, second-leg UEFA
It's really nice in a hard situation that we can give him that spot in the squad and have him there to bring on as a striker. Of course, the Argentinian's most painful semi-final memory came against Chelsea in 2012.

The Montreal Canadiens should learn from the mistakes of Ken Holland
Holland inherits a team that rarely makes the playoffs despite having Connor McDavid as its captain. Holland will report to Oilers CEO Bob Nicholson.