The demonstrations in San Francisco and Los Angeles were meant to send a message ahead of the company's IPOs this year.
Striking drivers protest Uber's decision to cut per-mile pay to 60 cents from 80 cents, outside an Uber hub in Redondo Beach, Calif. By Faiz Siddiqui Faiz Siddiqui Local reporter covering the D.C.
“Instead of sharing a little bit from that money with drivers," said driver Mostafa Maklad, 36, who drives for both companies, of the IPO,"they’re not sharing anything with drivers. Instead, they’re decreasing how much they pay.” Lyft is set to go public as soon as this week, while Uber will follow later this year. Both stock listings are expected to mint hundreds of new millionaires, while drivers who have worked with the companies as contractors in recent years say their treatment has gotten worse.At the event in front of the San Francisco hotel, Maklad expressed frustration about his dwindling share of earnings.
Ride-hail drivers honked their horns and flashed thumbs up as they spotted the protest outside the hotel. The demonstrators chanted and displayed signs reading “Give Drivers a Fair Share” along with the Lyft logo and yelling “Lyft! Lyft! You’re no good, treat your drivers like you should!”Rebecca Stack, a driver-organizer in San Francisco, said the demonstration comes at an inflection point.
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