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Test Code : HP0-P13
Test Name : Planning & Design of HP Integrity Server Solutions
Vendor Name : HP
: 70 Real Questions

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Drivers in eight cities planning strike on day earlier than Uber IPO | HP0-P13 Real Questions and VCE Practice Test

A day earlier than Uber's hotly anticipated initial public offering Thursday, drivers for the trip-hailing enterprise and for rival Lyft plan to strike over their working circumstances and wages.

Drivers in eight U.S. cities are planning a work stoppage these days, Uber's remaining day as a privately held enterprise, in response to the new york metropolis Taxi employees Alliance. Drivers are also planning to rally in ny and los angeles.

The protests come as trip-hailing firms face expanding scrutiny over the sustainability of their groups, which undergo significant losses whereas counting on the work of hundreds of thousands of drivers who are not employees.

"Wall road buyers are telling Uber and Lyft to cut down on driver profits, cease incentives, and go faster to driverless automobiles," taxi drivers alliance govt Director Bhairavi Desai stated in a news unencumber. "With the IPO, Uber's company homeowners are set to make billions, all whereas drivers are left in poverty and go bankrupt."

The drivers union is looking for superior job protection, a livable salary and a cap on the experience-hailing companies' fee, to guarantee drivers receive 80% to eighty five% of a fare.

Drivers in San Francisco, Boston, Chicago, Minneapolis, Philadelphia and the District of Columbia are among those collaborating in the work stoppage.

Uber is expected to elevate roughly $9 billion in its preliminary providing Thursday, the latest in totally valued tech companies hitting the general public market. Lyft, which had its initial offering in late March, surged all over its first day of buying and selling however plummeted quickly after. Shares closed Tuesday at $59, about 18% beneath Lyft's initial $72 expense.

in the aftermath of Lyft's disappointing debut, analysts noted a couple of tech companies had recalibrated their preliminary providing method, picking a greater conservative rate to build momentum and preserve investor demand. Uber, which turned into once estimated to debut at smartly over $100 billion, is expected to set an preliminary providing range of $forty four to $50, capping its highest valuation at $91.5 billion.

Uber helped pioneer the ride-hailing economy, however the business loses a dazzling amount of cash (an estimated $1 billion within the first quarter of 2019), even as it relies on an enormous community of drivers who're paid as little as 60 cents a mile. investors are banking on those drivers eventually being replaced with self sufficient vehicles, however experts have questioned the viability of the business model on the grounds that such know-how is might be a decade away.

Uber and Lyft say in the event that they convert their fleets to self-riding, they may reduce the charge of their rides by using three-quarters, enabling them to turn a profit. however meanwhile, the driver protests spotlight the industry's present challenge in pretty compensating its staff.

"We do see added possibility from Uber aiming to take enhanced share of the fare from drivers and are expecting that the greater Uber pushes here, the more drivers will fight lower back and protest, expanding the chance of rules (certainly at the state stage within the U.S. and in Europe) of minimum wage ensures," spoke of Daniel Ives, an analyst at Wedbush Securities.

Uber and Lyft did not instantly reply to a request for comment.

company on 05/08/2019

Print Headline: Drivers in eight cities planning strike on day earlier than Uber IPO

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