New York (CNN Business) Ride-hailing drivers in more than a dozen cities plan to strike on Wednesday ahead of Uber's highly anticipated Wall Street debut. In addition to powering off their apps, drivers will hold rallies held in strategic places, such as outside local Uber offices. That was organized by Rideshare Drivers United, a group that advocates for Los Angeles-based workers. Uber and Lyft are bleeding money, and how much drivers make is the biggest cost they can control. However the issue could worsen after Uber investors, and executives, convert their rich-on-paper status to rich-in-the-real-world when the company goes public.

Source: CNN May 08, 2019 00:33 UTC