Rideshare drivers strike as Uber poised to go public

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Ali BEKHTAOUI | AFP
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1557383916349231200
Thu, 2019-05-09 06:32

NEW YORK: Thousands of Uber and Lyft drivers turned off their apps in a US-wide strike Wednesday over pay and working conditions, casting a shadow over this week’s keenly anticipated Wall Street debut of ride-hailing leader Uber.
Uber is expected to launch its initial public offering (IPO) on Friday giving it an estimated valuation of some $80 billion, one of the biggest tech listings in recent years but rather lower than its earlier hopes of around $100 billion.

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