Uber’s IPO is expected to raise $9 billion.
Photo via Uber.
Uber and Lyft drivers across the globe are planning a walk out Wednesday to protest working conditions and wages, the Washington Post reports.
The strike, planned ahead of Uber’s Friday initial public offering (IPO), is being backed by the New York Taxi Workers Alliance. The union is calling for better job security, a minimum wage, and a guaranteed commission cap that would ensure drivers receive 80%-85% of a fare.
Uber’s IPO is expected to generate $9 billion.