While I don't feel sorry for any of them, they are getting a little taste of what it is like to be running a company that has taken advantage of it's revenue source, the drivers so badly.
The way these start ups work is the folks get stock options with promises of riches later...
There is one really good cynical reason to strike, even if the Stepford Driver implant is kicking in and telling you to obey your masters and make that ****** Kalanick $8.7 Billion in the IPO.
The reason is that if you invested the pittance Uber gave you last month in the Morgan Stanley...
Tldr: Lyft has already on average raised prices by about 15%... articles states that duber and Lyft will have to answer to investors and public market pressure to show results...
They envision 2...
How many times do idiots with money need to be told the same thing? (About as many times as us idiots with cars, I guess)
And if the idiot investors do wise up do we still get our free $500/1000/10000?
"Morgan Stanley, a lead underwriter for Lyft rival Uber, is one of the brokerages selling a "short" product to pre-IPO investors, three sources close to the situation said.
A big bank that helped to underwrite Lyft's IPO has also been asked for help "shorting" Lyft's stock by pre-IPO investors...
Lyft expects to IPO at the end of this week.
The ride-sharing transportation service is nowhere close to generating a profit.
The stock appears poised to pop on the IPO, setting up new investors for failure at a...
Lyft loses $1bn a year and has no hope of ever making a profit.
They need you to buy their shares THIS WEEK to make the founders & investors personally rich. They deserve fast cars and big houses - Invest Your Money.
Then they will lose all your money too.
Invest in LYFT - for a better tomorrow.
I saw an article where uber admits they keep more money by continuously lowering our pay, they basically can offer the rider more discounts.
The goal is to get both dependent, keep driver wages low and eventually raise rider rates.
Steer Clear Of Lyft's IPO
Great SpeculationsContributor Group
The first big IPO of 2019 is here. This year could set new IPO records (for size and lack of profits), and it all starts...
Cold Weather Returned.
Potholes are currently at their worst in Toronto (And Brampton and Mississauga).
LYFT IPO Shenanigans not helping the 'driving experience' on the Platform.
Barely Completed A Ride Challenge Last Week...At 2am Sunday (Ouch). It was a struggle to get 47 rides.
Time to take...
Uber & Lyft are likely to float on the stock market this year. Naturally, drivers will be making exactly zero from these floats, while the developers, management, and other official c0praphages will be walking around with $$ signs in their eyes.
But drivers do have an option to make money and...
It's hard to believe there are enough suckers for Uber to pull off a successful IPO. However it looks like this is a real possibility. But make no mistake, the IPO has nothing to do with setting up a framework to make Uber into a profitable company, it's the investors trying to dump this turd on...
Uber's IPO would mean that there will be a much increased pressure from investors to turn a profit. That could potentially force Uber to stop subsidizing rides, giving promotions, raise pax rates and eventually get rid of pool. What do you think?
"Uber has enjoyed a long subsidy in the form of drivers' financial illiteracy: drivers failed to account for their cars' depreciation in figuring their take-home pay, and as they wake up to a take-home pay that is...