Uber’s stock market debut came with all the usual razzmatazz of a big American technology IPO. The chief executive spent weeks making sweeping statements about how the business was “just getting started” and had new worlds to conquer – everything from pizza delivery to international freight. In the background, investment bankers whipped up buyers for the “transportation” stock of the 21st century.
Every Saturday morning before the sun rises, 35-year-old Uber driver Sultan Arifi rolls up the sleeping bag in the front seat of his car, places it in the trunk, and prepares for another day of work.
He will spend the next 12 hours picking up as many passengers as he can on the streets of San Francisco before returning to a grocery store parking lot in the north of the city to sleep, often for six hours or less, rising as early as he can on Sunday to do it all again.
The tacit deal between young and old to support each other through life could break down because of major problems with housing, work and tax, a 12-month parliamentary inquiry has concluded.
The growth of the gig economy, soaring housing costs and fiscal giveaways for older people are driving a wedge between generations in Britain, according to a cross-party House of Lords inquiry into tackling intergenerational unfairness.
Uber drivers in the US will stage a shutdown for 12 hours to protest against poor working conditions and low wages as the company goes public in May.
Drivers will log off the app in seven cities starting at noon on 8 May, the day Uber is expected to make its IPO. Drivers in San Francisco will also protest in front of the Uber headquarters. The action is backed by driver collectives including Gig Workers Rising in Northern California, Rideshare Drivers United in Los Angeles, and Chicago Rideshare Advocates.
They say you can get used to anything in time, but I am not sure that is true. Some things in life, such as the loss of a loved one, we must find the courage to accept. Others, like discrimination and exploitation, we must find the courage to fight. Two weeks ago, I lost my dear son, Hadi, to leukaemia at 12 and somehow my family and I must find a way to grieve and carry on, though I doubt we will ever get over it.