Uber Lyft drives strike Wednesday

Uber and Lyft drivers in several major cities plan to strike Wednesday morning, a day before Uber’s anticipated initial public offering

Lyft plans to issue first post-IPO earnings report on Tuesday, and there’s no guarantee shareholders will like it what they see.

Uber (UBER) plans to go public this week. Some analysts saw Uber as a bigger, better ride-sharing play than Lyft.The company lost $1 billion in the first quarter. That’s double the loss in the same period a year prior. 

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Author: usinnews

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