Uber and Lyft drivers are protesting over pay as both companies prepare to go public at multibillion dollar valuations.

What else is new..   but this time, I feel like drivers have had it. All those promises to keep up retention for the last 2 years. Now that the IPO is eminent, their focus has shifted completely to the investors, i.e. money.

Uber and Lyft drivers are protesting over pay as both companies prepare to go public at multibillion dollar valuations. Thousands of Uber and Lyft drivers went on strike in Los Angeles on Monday. Last week, Uber drivers in the area saw their pay drop from 80 cents to 60 cents per mile, and many Lyft drivers cited reports of ongoing drops in pay. Meanwhile, in San Francisco, a group of protesters called for higher wages outside the Omni Hotel, where Lyft had planned a presentation to investors at their IPO roadshow — but changed venues at the last minute.