Lyft Moves San Francisco IPO Roadshow as Drivers Protest (1)
Lyft is planning to have its initial public offering (IPO) this Thursday. Subsequently, the company held an IPO roadshow yesterday, which led many Lyft driver to protest outside the Omni hotel. Despite being at the wrong location due to a last minute venue change, the drivers made their sentiments known. Lyft drivers wanted potential investors to know that the company's treatment of workers is poor and that their wages are constantly being cut, making it hard for them to earn a decent living. The protest yesterday coincides with the driver’s strike in Los Angeles and San Diego.
See "Lyft Moves San Francisco IPO Roadshow as Drivers Protest (1)", Olivia Zaleski, Eric Newcomer, Bloomberg Law, March 26, 2019