May 4, 2019

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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President Trump is going all-in on pushing for a rapid, robust return to normal life, creating a visual, visceral contrast with Joe Biden and other Democrats who are more reticent to rip the masks off.

The state of play: Business friends have been urging Trump from the beginning to keep the lockdowns short. He's listening more and more.

Tech's long hot summer of antitrust

Illustration: Aïda Amer/Axios

Google, Facebook and other tech giants face a summer of regulatory grilling as long-running investigations into potential anticompetitive practices likely come to a head.

The big picture: Probes into the power of Big Tech launched by federal and state authorities are turning a year old, and observers expect action in the form of formal lawsuits and potentially damning reports — even as the companies have become a lifeline for Americans during the pandemic lockdown.

Palantir CEO hits Silicon Valley "monoculture," may leave California

Palantir is "getting close" to a decision on whether to move the company out of California, CEO Alex Karp said in an interview for "Axios on HBO."

The state of play: "We haven't picked a place yet, but it's going to be closer to the East Coast than the West Coast. ... If I had to guess, I would guess something like Colorado."