Facing pay cuts, some Uber and Lyft drivers are preparing to strike.
Frustrations are mounting among some Uber and Lyft drivers about wages and treatment. But because ride-hailing drivers are classified as independent contractors instead of employees, unionizing — a common way for discontented workers to bring about change — is something of a non-starter.
READ MORE: Uber will pay $20 million to settle lawsuits over question of whether drivers are employees » Part of the problem, they say, is that the drivers’ fight has long fixated on their classification as independent contractors — a battle that has so far proved fruitless. Though they would still prefer to be classified as employees, they hope they can unite a broader swath of the workforce by focusing first on pay.
“There is no doubt that if we are employees we have the right to be protected by national laws that provide a pathway to organizing and give us a right to a contract at the end of our fight,” Moore said.
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Taxi-hailing firm Gett will reportedly file for IPO this yearRivals Uber and Lyft are also both expected to float their business in 2019.
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Lyft hits the road ahead of Uber to lure investors - Reuters TVRide-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter.
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Uber and Lyft, side-by-sideThe side-by-side 2018 financials show that while Uber's massive size dwarfs its chief U.S. competitor, Lyft enjoys faster growth. Both companies suffer big losses, although Uber has taken steps to slow its losses while Lyft's continue to widen.The side-by-side 2018 financials show that while Uber's massive size dwarfs its chief U.S. competitor, Lyft enjoys faster growth. Both companies suffer big losses, although Uber has taken steps to slow its losses while Lyft's continue to widen.
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Inside the Lyft roadshow in NYC where investors packed the penthouse of a $1,000 a night hotelLyft would not provide a timeline for reaching profitability, but stressed that it would not engage in a price war with rival Uber.
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Lyft, Uber can't change fact that the Silicon Valley IPO is just getting worse for public investorsLyft, Slack, Pinterest and Postmates have already filed. Uber and Airbnb are expected to join before the end of the year. But even with the big names and big valuation initial public offerings in 2019, there is evidence the traditional IPO is dying.
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Lyft will be the first ride-hailing company to ever go public. Here’s how its numbers compare to Uber.All eyes will be on Lyft as it IPOs next week. Here's how it compares to its much larger competitor, Uber, on almost every metric.
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Breakingviews TV: Heavy LyftThe ride-hailing company seeks a valuation of up to $23 bln with its public offering. Lyft has first-mover advantage over Uber, but as Richard Beales explains, supervoting shares for the founders and no clear path to profitability pose tough...
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Whales are facing a big, deadly threat along West Coast: Massive container shipsTen of the marine mammals were killed by ships off California last year — the highest number there since tracking began in 1982.
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Dan Rather slams Donald Trump: Public facing a 'manure spreader in a windstorm'The long-time journalist and broadcaster told CNN the president's social media output was 'ridiculous, but...unrelenting.'
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