As Uber cruises towards $90bn float, the backlash from drivers intensifies

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When taxi drivers in New York City rallied against President Trump's travel ban in 2017, Uber became a scapegoat for continuing to operate - leading hundreds of thousands of riders to delete the app as a result.

"I'm striking because Uber has broken their promises to drivers time and again", said Syed Ali, an Uber driver and member of the striking New York Taxi Workers Alliance, in a statement. "The money is there". Ride-hail drivers head out on strike for better wages and working conditions.

"I'm not surprised, but frankly it's absolutely disgusting Uber and Lyft would incentivize both riders and drivers to break the strike today", said Rebecca Stack-Martinez, an Uber driver helping to organize the protest in front of Uber's headquarters in San Francisco on Wednesday.

They timed their protests in advance of Uber's initial public stock offering, which is planned for Friday.

Together, drivers for the two companies provided about 91,000 rides per day in the Seattle area, according to ridership reports filed with the city previous year.

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Lyft is the second-largest ride-hailing service behind Uber - set to make its own stock market debut this week.

Nick Rose is a producer for Yahoo Finance On the Move.

Drivers and regulators around the world have criticized Uber's business tactics nearly from the moment of its launch. The company often makes these changes without a lot of warning or explanation to drivers. Ahead of the actions, Lyft said its hourly wages have risen over the last two years and average over $20 per hour.

Nevertheless, the new European Union decision rules and Uber's pushback against them indicate two things as Uber prepares to go public: there remain legal and regulatory challenges to the employment arrangement at the heart of Uber's business, and Uber remains firmly dug in on its stance.

In the United Kingdom, the Independent Workers Union said some Uber drivers are observing a nine-hour boycott. Drivers in some cities plan to disconnect for 24 hours, while in other cities drivers are striking for only a couple of hours. The offering will mint more than a few new millionaires in Silicon Valley, which is a hard pill to swallow for many drivers who say their rates are dropping. It says companies engaging "on-demand, voucher-based and platform workers" must allow them to refuse work and be paid for canceled work; they must honor workers' right to take jobs with other companies, pay workers to train, and give workers limited probationary periods.

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"We don't want our wages to stay just minimum".

The strikes are expected to happen across major USA cities, as well as parts of the United Kingdom, Australia and South America.

Uber said it provides "full transparency" on rider fares and driver earnings on each trip, giving drivers the option to see their distance and mileage-based calculations within the app, including trip-by-trip and total earnings.

Uber has not responded to FOX 5's request for comment but told The Washington Post that thousands of people come into work at Uber every day focused on how to make their lives better and they will continue working on ways to improve the experience for drivers.

Uber and Lyft have cut back on incentives and bonuses in more established markets to attract new drivers. Now, Khosrowshahi will be beholden to Wall Street's pressures to build a sustainable business.

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"The first quarter was a strong start to an important year, our first as a public company", said Logan Green, Lyft's co-founder and chief executive.