Uber and Lyft Drivers Are Striking Against Decling Wages as Companies Rake in Billions

Drivers for ride-hailing giants Uber and Lyft turned off their apps Wednesday to protest what they say are declining wages at a time when both companies are raking in billions of dollars from investors.Demonstrations took place in 10 U.S. cities, including Chicago, Los Angeles, New York, San Francisco and Washington, as well as some European locations like London.The protests arrive just ahead of Uber's initial public stock offering Friday. Uber hopes to raise $9 billion, putting the company's valuation in excess of $91 billion.It's not the first time drivers for ride-hailing apps have staged protests. Strikes were planned in several cities ahead of Lyft's IPO last month, although the disruption to riders appeared to be minimal. More cities are participating in Wednesday's protest.  Continue reading...

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