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Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in NY, U.S., March 29, 2019.

Strikes or rallies are also planned in Chicago, Washington, Boston, Atlanta, Philadelphia, San Diego, San Francisco, and Stamford, Conn.

Both companies recently slashed the per-mile rate for drivers in Los Angeles and San Francisco, while adjusting some other factors, such as per-minute rates. She listed the drivers' demands: $17 per hour after expenses, along with a bill of rights including more transparency around driver deactivations and an elected driver representative on each company's board of directors. There's just one problem: Uber says that when it comes to its drivers, operating in 90 European Union cities, the new rules do not apply.

The New York Times reported earlier that the global strike day was off to a "muted start" Wednesday morning in Australia and Britain, with only about 30 picketers showing up outside Uber's Melbourne headquarters. Over 75 percent drive less than 10 hours a week to supplement existing jobs. Their rationale is that Uber dictates where drivers go and how much they charge, and that drivers provide the company's core service. "Whether it's more consistent earnings, stronger insurance protections or fully funded four- year degrees for drivers or their families, we'll continue working to improve the experience for and with drivers".

"Drivers are at the heart of our service - we can't succeed without them", Uber said in a statement. In its tweet, it cautioned travelers to make sure they can get to East Boston on a day when fewer ride-hailing drivers are expected to be on the road.

For those who often use ride-hailing apps and want to support the strike, today may mean a commute by public transit, a cab, or bicycle.

In New York City, drivers plan to strike for two hours during the morning rush hour to demand job security, livable wages and a guaranteed commission rate, according to a release from the New York Taxi Workers Alliance.

"Both Uber and Lyft have said that the greatest threat to their investors is driver dissatisfaction".

Other cities are expected to join the protests in the coming hours. Uber, for instance, has around 12,000 employees, but over 2 million people are registered as drivers on the platform.

The two sides settled that dispute a year ago in a deal that required Uber to give Alphabet another bundle of stock that was worth $245 million at the time the truce was reached. So that you don't get this world where independent contractors are the "have-nots" and full time employees are the "haves, '" Khosrowshahi said at the Fortune event.

Going public will put new pressure on Uber to turn a profit.

"In the beginning, it was 25 percent and now it's nearly 49 percent", he said. The Teamsters played a critical role in the passage of a Seattle ordinance that empowers Uber and Lyft drivers to bargain collectively.

Now, weeks after Lyft went public and on the day Uber is set to debut on the public markets, it's time to speak out, Lloyd said. Some investors believe the eventual adoption of autonomous cars will help make the companies profitable.

The company is aiming to raise $9bn in its IPO, and expects to be valued at over $90bn on its first day on Wall Street, despite its slowed revenue growth and approximately $1.1bn loss during the first quarter of this year.