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Uber and Lyft Drivers Strike Alongside Fast Food Workers in LA, Demand $30 Minimum Wage

Around 100 rideshare drivers protested their working conditions this afternoon in Los Angeles, engaging in a “take over” of an Uber Hub, before joining up with a contingent of fast food workers from McDonald’s who were striking for the right to unionize. Read more...
Tags: Labor, Rideshare, Uber, Lyft, Fight For 15, Mcdonalds, Unions, Seiu, Los Angeles


Are Uber and Lyft Drivers Gaming Surge Pricing to Protest Getting Screwed Over on Pay?

Despite policies that prohibit the manipulation of rideshare apps, drivers for Uber and Lyft are reportedly working together to coordinate price surges at Reagan National Airport to earn a higher fare.Read more...
Tags: Lyft, Uber, Science, Ridesharing, Reagan National Airport


The Legal Argument That Could Destroy Uber

Days after Uber began selling stock, the National Labor Relations Board’s top lawyer gave the company a huge gift. In an advice memo, the general counsel’s office determined that Uber’s drivers are independent contractors, not employees. If drivers are legally determined to be employees, it would throw Uber’s entire…Read more...
Tags: Lyft, Uber, Science, Independent Contractors, Gig Economy, Price Fixing, Complicated Legal Arguments


New Feature Lets Uber Black Car Riders Tell Their Filthy Pleb Drivers to Shut the Fuck Up

Uber has announced a new feature that will allow some riders to properly express their disgust for their filthy, lower class drivers—all with the simple touch of a button. Read more...
Tags: Uber, Science, War Crimes, Travis Kalanick, Class War, Garrett Camp, Our Garbage Uber, Shut The Fuck Up, Aydin Ghajar


Report: Accused Somali War Criminal Living in the U.S. Drove for Uber and Lyft

Former Somali military commander and accused war criminal Yusuf Abdi Ali has been facing a over allegations of “gross human rights abuses” in the separatist region of Somaliland in the 1970s and 1980s, during the reign of U.S.-backed dictator Siad Barre. He was also a driver for Uber and Lyft…Read more...
Tags: Lyft, Uber, Apps, Science, Technology, Crime, War Crimes, Courts, Somalia, Ridesharing, Checkr, Background Checks, Somaliland, Siad Barre, Yusuf Abdi Ali, U S Drove for Uber


Report: Accused Somali War Criminal Living in the US Drove for Uber and Lyft

Former Somali military commander and accused war criminal Yusuf Abdi Ali has been facing a over allegations of “gross human rights abuses” in the separatist region of Somaliland in the 1970s and 1980s, during the reign of U.S.-backed dictator Siad Barre. He was also a driver for Uber and Lyft…Read more...
Tags: Lyft, Uber, Apps, Science, Technology, Crime, War Crimes, Courts, Somalia, Ridesharing, Checkr, Background Checks, Somaliland, Siad Barre, Yusuf Abdi Ali, US Drove for Uber


Here's What You Need to Do to Take an Uber or Lyft at PDX Now

Figuring out the best mode of transportation for leaving an airport can be tricky, especially if your preferred method is using a rideshare app. Confusion starts when you try to pin yourself to the correct location, and continues as you wait to be connected to a car, then try to actually spot it, and finally navigate…Read more...
Tags: Travel, Lyft, Uber, Science, Airports, Ridesharing, This Is Better


Uber, Down $14 Billion Since Friday, May Drop Even Further

Outpacing the New York Stock Exchange’s losses on another rocky day of trading, Uber’s disappointing IPO is becoming disastrous, falling an additional 10.8 percent in its second day as a public company.Read more...
Tags: Uber, Science, Finance, New York Stock Exchange, Nyse


Uber Shares Sink Below $40 on Second Day of Trading

The share slump reflects investor skepticism about the size of the ride-hailing market, Uber’s ability to execute on food and package delivery and its push into autonomous vehicles, said Ygal Arounian of Wedbush Securities. The IPO also comes as investors shy away from riskier assets given U.S.-China trade tensions, said the analyst, who has an outperform rating on Uber and sees the stock reaching $65 in the next year. “Uber’s highly anticipated IPO coming out of the gates on Friday was clear...
Tags: Uber, Science, China, Ipo, Wedbush Securities, Ygal Arounian, Arounian


Morgan Stanley Got Clients Into Uber. Then the IPO Stumbled

In 2016, the firm offered its elite clientele a chance to get in early on Uber’s eventual market listing as the investment bank privately raised money for the ride-hailing platform. On Friday, the stock tumbled more than 7% on its debut, and pre-market trading points to a further loss of 2.1% on Monday, leaving those early buyers among the droves of everyday shareholders nursing losses -- at least for now. Morgan Stanley pitched wealth management clients a chance to invest in Uber via a fund d...
Tags: Uber, Science, Morgan Stanley, Morgan Stanley Got Clients Into Uber


Uber Extends Decline as Investor Skepticism Deepens After IPO

The share slump reflects investor skepticism about the size of the ride-hailing market, Uber’s ability to execute on food and package delivery and its push into autonomous vehicles, said Ygal Arounian of Wedbush Securities. The IPO also comes as investors shy away from riskier assets given U.S.-China trade tensions, said the analyst, who has an outperform rating on Uber and sees the stock reaching $65 in the next year. “Uber’s highly anticipated IPO coming out of the gates on Friday was clear...
Tags: Uber, Science, China, Ipo, Wedbush Securities, Ygal Arounian, Arounian


Uber Shares Decline for Second Day in U.S. Pre-Market

The share slump reflects investor skepticism about the size of the ride-hailing market, Uber’s ability to execute on food and package delivery and its push into autonomous vehicles, said Ygal Arounian of Wedbush Securities. The IPO also comes as investors shy away from riskier assets given U.S.-China trade tensions, said the analyst, who has an outperform rating on Uber and sees the stock reaching $65 in the next year. “Uber’s highly anticipated IPO coming out of the gates on Friday was clear...
Tags: Uber, Science, China, Ipo, Wedbush Securities, Ygal Arounian, Arounian


Ancient Psychedelics, Robocall Scams, and Space Bezos: Best Gizmodo Stories of the Week

This was one heck of a week in the tech and science world. Ridesharing giant Uber finally launched its long-awaited IPO, which was a major flop, Facebook co-founder Chris Hughes asked the Federal Trade Commission to break up the company, Amazon CEO Jeff Bezos tried his damnedest to convince humanity to colonize the…Read more...
Tags: Health, Amazon, Gaming, Facebook, Lyft, Uber, Wearables, Eyes, Space, UK, Science, Technology, Fitness, Video Games, Climate Change, Drugs


SoftBank's Market Value Slides $9 Billion as Uber IPO Flops

The day after Son’s earnings presentation, SoftBank slid 5.4% and fell again on Monday, as dropping as much as 4.9%. Uber’s initial public offering was a flop with shares sliding on the first day of trading, at the same time the U.S. and China escalated tensions over their trade dispute. SoftBank has lost about $9 billion in market value despite reporting last week that profit more than tripled thanks to the valuation gain from its stake in the U.S. ride-hailing giant.
Tags: Uber, Science, China, Softbank, Son


Morgan Stanley Got Rich Clients Into Uber. Then the IPO Stumbled

In 2016, the firm offered its elite clientele a chance to get in early on Uber’s eventual market listing as the investment bank privately raised money for the ride-hailing platform. Morgan Stanley pitched wealth management clients a chance to invest in Uber via a fund dubbed New Riders LP, according to offering documents seen by Bloomberg. Morgan Stanley employees also got a chance to invest under similar terms, the documents show.
Tags: Uber, Science, Morgan Stanley, Bloomberg Morgan Stanley, Morgan Stanley Got Rich Clients Into Uber


All Eyes on Uber's Second Day of Trading After Debut Flop

Among the factors that buffeted the biggest IPO of the year: a broad stock market selloff in the morning and a weak earnings report posted by Uber’s primary rival, Lyft Inc. “While the trade war has caused overall stock market volatility, we believe that the poor trading in Lyft was the major factor impacting Uber,” said Kathleen Smith, co-founder of Renaissance Capital and manager of the IPO exchange-traded fund. In the first hour of the ride-sharing company’s IPO, retail investors at TD Amer...
Tags: Lyft, Uber, Science, Ipo, Renaissance Capital, Lyft Inc, Kathleen Smith, Ameritrade


Congratulations to Uber, the Worst Performing IPO in U.S. Stock Market History

Rideshare unicorn Uber doesn’t do anything small. When it was in the game of raising money, it raised close to $25 billion. When it loses that money—and it does every single quarter—it loses it at astronomical burn rates. It finally debuted on the New York Stock Exchange today, in the middle of international trade…Read more...
Tags: Lyft, Uber, Science, Finance, Stock Market, Ridesharing, How Money Works


San Francisco ‘IPO Tax’ Targeting Tech Giants on Track for November Vote

Happy IPO day to Uber, the Silicon Valley giant whose long-term plan to deal with unhappy drivers is to replace them with robots that won’t worry about details like wages and health insurance.Read more...
Tags: Uber, Twitter, Science, Taxes, Ipo, San Francisco, Silicon Valley, Gordon Mar, Ipo Earthquake


Uber Raises $8.1 Billion in IPO Priced Near Bottom of Range

Based on the amount of stock outstanding after the offering, the IPO price gives San Francisco-based Uber a market value of $75.5 billion, just below its last private market value of $76 billion. The fully diluted value, including restricted stock units and other shares, could be about $82 billion. Uber has prioritized selecting shareholders -- particularly institutional investors -- that it thinks will hold on to the stock for a long time, according to a person familiar with the matter.
Tags: Uber, Science, San Francisco


How Corporate Delusions of Automation Fuel the Cruelty of Uber and Lyft

As drivers around the world went on just days before Uber’s IPO, they shared harrowing stories of being overworked and underpaid, subjected to a frustratingly opaque payment system, and even sleeping in their cars in order to save enough money to get by. Research backs up the anecdotes they relayed to the…Read more...
Tags: Lyft, Uber, Science, Labor, Research, Automaton


Outside Uber HQ, Drivers Demand a Cut of the Riches

SAN FRANCISCO, Calif. – Just days ahead of Silicon Valley’s most hyped mega-IPO, a group of a several hundred Uber drivers gathered in front of the company’s San Francisco headquarters and took over the street in a protest demanding fair pay, benefits, and greater transparency from the rideshare giant.Read more...
Tags: Lyft, Uber, Science, Labor, San Francisco, Silicon Valley, Rideshare, San Francisco Calif, Gig Workers Rising, Ipo Earthquake


New York's Rideshare Organizers Clash Amid Unprecedented Uber Strike

Long Island City—Just days before Uber’s expected debut on the stock market at a conservative but still-astronomical $80 to $90 billion valuation, the anger among rideshare drivers boiled over into an international day of action.
Tags: Lyft, Uber, New York, Science, Strike, Rideshare, Long Island City, Uberlyftstrike


Uber Considers Pricing IPO Stock Toward Middle of Range

A spokesman for Uber declined to comment. Executives from Uber have been travelling to cities including London, New York and San Francisco over the past 10 days to pitch the stock to potential IPO investors. At the midpoint of the range, the IPO would give Uber a market value of about $79 billion, based on the amount of stock to be outstanding after the offering.
Tags: Uber, Science, San Francisco, London New York, IPO Stock Toward Middle of Range


It Looks Like Uber's Sleazy Approach to Driver Lawsuits Could Be Backfiring

Uber has had what can best be characterized as a shitstorm of scandals in its decade-long run, and that isn’t even including any misconduct kept out of the public eye thanks to forced arbitration. Hiding those scandals appears to be turning into a costly endeavor for the ridesharing pioneer.Read more...
Tags: Uber, Science, Arbitration


Uber Drivers Protest Across the U.K. and U.S. But $9 Billion IPO Rides On

Billed as an international protest in advance of Uber Technologies Inc.’s planned initial public offering this week, drivers in London and nearby cities said they would turn off their apps at 7 a.m. on Wednesday. There was little initial evidence of a lack of drivers in London or New York, two of Uber’s largest markets, with the app showing numerous rides available. In the U.S., Senator Bernie Sanders called out Uber for paying its top five executives $143 million in compensation last year, in...
Tags: Uber, New York, Science, London, Bernie Sanders, Uber Technologies Inc


Decolonization and intersectionality in tech, with Chanda Prescod-Weinstein

Chanda Prescod-Weinstein is Assistant Professor of Physics and Astronomy and a Core Faculty Member in Women’s Studies at the University of New Hampshire. She is the lead “axion wrangler” and a social media team member for the NASA STROBE-X Probe Concept Study. The first Black woman in history to hold a faculty position in theoretical cosmology, Prescod-Weinstein  is also a Twitter activist who frequently goes viral, a prolific writer and editor in multiple genres and disciplines, and the author ...
Tags: TC, Uber, Apps, Science, Activism, Education, Government, Tech, Diversity, Nasa, Policy, Harvard, Feminism, Harvard University, Catholic, Social Justice


Bhairavi Desai On Why the Uber and Lyft Strikes are the Future of Labor

On Wednesday, drivers for Uber, Lyft, and lesser-known services like Via and Juno will sign out of their apps and stop picking up passengers as part of a global strike against these companies’ abysmal treatment of drivers. The duration of these strikes will vary from city to city, and workers in Los Angeles,…Read more...
Tags: Lyft, Uber, Science, Labor, Los Angeles, Workers, Strikes, Gig Economy, Uber Lyft, Bhairavi Desai, New York Taxi Workers Alliance


Lyft Synks

Look at them up there in the pic—Lyft CEO Logan Green, President John Zimmer, and a whole bunch of other employees that Getty wasn’t interested in naming—on the day their company officially debuted on the Nasdaq, with an oversubscribed IPO and a share price well above initial estimates. That was a week ago! And in…Read more...
Tags: Lyft, Uber, Science, Money, Ipo, Getty, John Zimmer, Eating Shit For All To See


Why Uber Drivers Will Strike Around the World on Wednesday

We’re just days out from Uber making its multibillion-dollar move to the New York Stock Exchange and thousands of drivers from around the world are preparing to launch a series of strikes protests on Wednesday in an effort to fight for better pay and better treatment.Read more...
Tags: Lyft, Uber, Science, Labor, Strike, New York Stock Exchange, Ridesharing, Gig Economy


ɐpu∩ uʍop sǝoפ ǝʞᴉɹʇS ɹǝq∩

A broad coalition planning action against ridesharing giant Uber in over a dozen cities just received some international reinforcements: Australian drivers have announced their intention to join this Wednesday’s mass strike.Read more...
Tags: Uber, Science, Labor, Strikes, Lee Carter, Rideshare Drivers United, Strike Uber, Strikelyftuber



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