May 4, 2019 - Technology

Threat of an Uber strike looms over IPO


A 2016 Uber protest in front of Uber's New York offices. Photo: Specer Platt/Getty Images

Uber and Lyft drivers in NYC and some other big cities will strike by logging off from 7 to 9 a.m. on Wednesday, ahead of Uber going public, per CNN:

What they're saying: Drivers "want livable incomes, job security, and regulated fares."

Participating cities include Washington, Philly, Chicago, S.F., L.A. and San Diego, a taxi union told Reuters:

  • "Uber ... expects to price its IPO on Thursday and begin trading on the New York Stock Exchange the following day."
  • Uber CEO Dara Khosrowshahi won't invite predecessor Travis Kalanick to join him on the NYSE balcony during next Friday's bell-ringing ceremony, sources tell Axios' Dan Primack.

Kalanick co-founded Uber and led most of its growth before being forced out in 2017. He asked during a recent board meeting to join the bell-ringing.

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