After receiving billions in capital influx, US drivers of UBER and LYFT coordinate strike.

US News of note

The drivers of the Internet taxi companies Uber and Lyft are turning off their apps to protest what they see as the reduction of their salaries at a time when the two companies are receiving billions of dollars from their investors.

The organizers are planning demonstrations in Chicago, Los Angeles, New York, San Francisco and five other US cities in the coming hours, as well as London and other European cities.

The protest takes place on the eve of Uber’s initial public offering, scheduled for Friday.
The company expects to raise 9 billion dollars and expects a valuation of 91 thousand 500 million.
It is not the first time that the workers of these companies protest. Strikes were planned in several cities on the eve of Lyft’s IPO last month, although the disruption to customers was apparently minimal.
But more cities are participating in the protest on Wednesday.
“The drivers built these multimillion dollar companies and it’s wrong that many continue to earn starvation wages while Silicon Valley investors get rich with their work,” Brendan Sexton, executive director of the Independent Drivers Union, said in a statement. “All drivers deserve a fair wage.”

 

No Comments

Leave a Reply

Your email address will not be published.

"JB"
Hoping all enjoyed an observant and happy MEMORIAL DAY.

As a veteran of war, I definitely observe MEMORIAL DAY in the US, and as such I did not post. I would like to believe the sacrifice made by both men and women over the years reflects more of what the US as a country “aspires to be”, as opposed …

Crime
Decision of USDOJ to come Friday for Martinelli brothers/ ODEBRECHT

https://www.telemetro.com/nacionales/fiscalia-nueva-york-sostiene-que-hermanos-martinelli-linares-no-cooperaron-de-buena-fe-la-investigacion-n5710358   The District Attorney for the Eastern District of New York responded to a letter dated May 13 sent by the lawyers of the brothers Luis Enrique and Ricardo Alberto Martinelli Linares , to federal judge Raymond J. Dearie, who is leading this process. IT MAY INTEREST YOU: New …

US News of note
US stocks taking a beating, TESLA plummets as Musk buys TWITTER

https://www.cnbc.com/2022/04/25/stock-market-futures-open-to-close-news.html   U.S. stocks fell sharply on Tuesday continuing a vicious April sell-off after a one-day breather, as investors dumped shares on fears of an economic slowdown. The tech-heavy Nasdaq Composite dropped 2.9% and retreated more deeply into bear market territory, sitting now 22% off its high. The Dow Jones …