Browsing: IPO

Featured News

Uber’s $9 billion IPO rests on drivers’ 80-plus hour workweeks and a lot of waiting

By

Uber’s upcoming initial public offering may be one of the biggest in history, with the ride-hailing company expected to raise up to US$9 billion.

That’s good news for its early investors and executives, who could reap $1.3 billion from the IPO.

For the potentially hundreds of thousands of drivers who do it as their largest or main source of income? Not so much. That may be why some of them plan to go on strike in seven U.S. cities for 12 hours on May 8.

1 2