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Ubers Drivers In The UK Are Planning To Protest Ahead of The Company's IPO

Next week, Uber has plans to finally go public, allowing anyone to buy stock in the company. Although Uber lost $1.8 billion in 2018 , the company still has a target valuation of between $80 and $90 billion, according to the Wall Street Journal. That may have the potential to make some former and current employees rich, but drivers will most likely lose out. In response, United States drivers planned a 24-hour protest on May 8 ahead of Uber’s IPO in Boston, Chicago, Minneapolis, Philadelphia, San Diego, San Francisco, and Washington, D.C. Now, drivers in the United Kingdom plan to join in. Uber drivers organized by the Independent Workers Union of Great Britain (IWGB ) in London, Birmingham, Nottingham, and Glasgow all plan to log off the app and demonstrate outside of Uber offices in each city. In a statement, the IWGB wrote: “With an expected valuation of $100 billion, Uber’s founder, venture capitalists and management will become fabulously wealthy overnight. Uber’s founder...

Vanessa Taylor

May 3, 2019