Uber’s $9 billion IPO rests on drivers’ 80-plus hour workweeks and a lot of waiting

BOSTON -- Uber's upcoming initial public offering may be one of the biggest in history, with the ride-hailing company expected to raise up to US$9 billion. That's good news for its early investors and executives, who could reap $1.3 billion from the IPO. For the potentially hundreds of thousands of drivers who do it as their largest or main source of income? Not so much. That may be why some of them plan to go on strike in seven U.S. cities for 12 hours on May 8. For the past two years, I've spoken with dozens of full-time Uber and Lyft drivers in Seattle to get an on-the-ground understanding of how the technologies supporting the platform-based gig economy are affecting ...

Keep on reading: Uber’s $9 billion IPO rests on drivers’ 80-plus hour workweeks and a lot of waiting

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