Saturday May 25, 2019
Home Lead Story Uber Drivers ...

Uber Drivers to go on Strike Ahead of IPO

Uber filed its IPO process last month with the public filing of its prospectus. It would be listed on the New York Stock Exchange (NYSE) under the symbol “UBER”

0
//
Uber, bengaluru
Photo shows an exterior view of the headquarters of Uber in San Francisco. (VOA)

Uber drivers are reportedly mulling to go on strike ahead of the ride-hailing giant’s initial public offering (IPO).

Drivers in cities, including Los Angeles, New York City and London, would join the strike and log off the apps from 7 a.m. to 9 a.m. ET on Wednesday, May 8.

“Wall Street investors are telling Uber and Lyft to cut down on driver income, stop incentives and go faster to Driverless Cars,” Bhairavi Desai, Executive Director of the New York Taxi Workers Alliance, was quoted as saying by the CNET late on Monday.

“With the IPO, Uber’s corporate owners are set to make billions, all while drivers are left in poverty and go bankrupt.”

Participants would also hold a rally at Uber’s and Lyft’s New York headquarters at 1 p.m. ET.

Uber app.

The New York drivers’ demands include greater job security, higher incomes and regulated fare for rides.

“Drivers are at the heart of our service — we can’t succeed without them — and thousands of people come into work at Uber every day focused on how to make their experience better, on and off the road,” an Uber representative was quoted as saying by CNET.

Also Read- Nokia Launches Nokia 4.2 in India

Uber filed its IPO process last month with the public filing of its prospectus. It would be listed on the New York Stock Exchange (NYSE) under the symbol “UBER”.

The company noted that as of December 31, 2018, it had 91 million, or 9.1 crore, monthly active platform users. There were 3.9 million, or 39 lakh, drivers on the platform by the end of 2018. (IANS)

Next Story

Uber Rolling out ‘Quiet Mode’ on its Luxury Services

Uber Black and Uber Black SUV are the company’s premium car services that place riders in high-end vehicles

0
Uber, bengaluru
Photo shows an exterior view of the headquarters of Uber in San Francisco. (VOA)

For people who don’t prefer chatty drivers, global ride-sharing major Uber is rolling-out “quiet mode” on its luxury services.

It’s the first upgrade to the ride-hail giant’s premium services to take place in several years, The Verge reported on Tuesday.

Under the upgrade, Uber would also allow its Premium riders to request help with their luggage and specify their preferred temperature while booking the ride.

They can also ask for extra time before getting into the car without incurring late pickup fees, and will able to speak directly to a customer service representative if something goes wrong, the report said.

Uber app.

More region and rollout specifications of the feature remain unclear as of now.

Uber Black and Uber Black SUV are the company’s premium car services that place riders in high-end vehicles.

Also Read- Vodafone to Switch on 5G Network in UK: Report

Originally founded as a luxury car service that could be booked through a smartphone app, Uber later introduced low-cost options like Uber Pool.

The company launched its services in India with Uber Black in 2013 and then the premium UberX in 2014. It currently operates in 31 cities in India. (IANS)

Next Story