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Uber And Lyft Ipos Will Make Many People Rich But Not The Drivers - Latest News


Lyft, Uber and Silicon Valley IPOs help the rich get richer — the losers are public investors

Recent trends in private financing show that even as Lyft, Uber ... ready for IPOs, public market investors are not getting the deals they once were offered by young technology companies — and the ... read more

Lyft, Uber or Airbnb IPO may make many Bay Area residents rich. But they'll have to avoid these common mistakes

Lyft fired up the engine on its IPO and Uber, Pinterest, Airbnb, Slack and a host of other Bay Area unicorns are likely not far behind ... Here are the most common problems, Rachleff said: 1. People ... read more

Uber And Lyft IPOs Will Make Many People Rich But Not The Drivers

The tech, Wall Street, and investment castes are positively buzzing about Lyft and Uber going public. Lots of money to be made. The anticipatory buzz has been building for a time. The two rideshare ... read more

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New York City passes nation’s first minimum pay rate for Uber and Lyft drivers

Uber and Lyft are both pushing back against the pay rules, saying it will make rides more expensive ... apps in New York City is not really a part-time job for people who want to earn extra cash. More ... read more


One in 6 Uber and Lyft Cars Have Open Safety Recalls, Consumer Reports' Study Suggests

"Uber and Lyft are letting down their customers and jeopardizing their trust," says William Wallace, a CR safety policy advocate. "Uber's website says people can ... in a statement. “Drivers have a ... read more

Will Uber drivers profit from tech company's big IPO?

Uber, Lyft, and other ride-hail service drivers who are members of the New York Taxi Workers Alliance argue that Uber executives and insiders are getting rich off of drivers' hard work while they ... read more

Uber and Lyft strikes: US drivers stop taking rides in protest over pay

And that’s why we chose this time to organize,” said Nicole Moore, a part-time Lyft driver and organizer with RideShare Drivers United. Related: Uber IPO: the rich people ... Many drivers in San ... read more

Uber, Lyft drivers plan to strike across US and in London

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 ... and thousands of people come into work at Uber ... read more

Mark Cuban slams Silicon Valley VCs over Uber's awful IPO and says it could be a wake up call for Valley employees (UBER, LYFT)

That's not a good sign," said Cuban, who is an investor in ride-sharing rival Lyft. Many young-ish Silicon Valley companies go public when they are unprofitable but make ... rich on Uber's massive ... read more

Uber and Lyft global strike: Drivers say pay and transparency are central complaints

In San Francisco, around 100 protested outside a meeting between Lyft and potential investors ahead of its rocky IPO. In San Diego, about 50 demonstrated at the airport. Around 300 L.A. drivers ... ... read more

Uber and Lyft IPOs will make a lot of people rich. But what about the drivers?

SEE ALSO: Lyft beats rival Uber in race to file for IPO After ... to make rent) and can "be your own boss." In a lawsuit filed last week in a U.S. District Court in San Francisco, drivers accused Lyft ... read more

Uber and Lyft drivers are planning a massive strike this week over work conditions and pay rates

"Uber and Lyft wrote in their S1 filings that they think they pay drivers too much already. With the IPO, Uber's corporate owners are set to make ... not. Sonam Lama, who has driven for Uber since ... read more



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