May 4, 2019 - Technology

Threat of an Uber strike looms over IPO

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.