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"content": "\u003cp>\u003cstrong>Updated at 6:00 p.m. ET Friday\u003c/strong>\u003c/p>\n\u003cp>The ride-hailing company Uber made its stock market debut on Friday, and promptly saw share prices dip.\u003c/p>\n\u003cp>[aside postID='news_11745857' label='More Coverage of Rail-Hailing Companies']\u003c/p>\n\u003cp>Uber priced its shares at $45, the lower end of the possible range, aiming for a total diluted market value of about $82 billion. After a delay of two and a half hours, trading started with the stock at $42, down more than 6% over that initial price.\u003c/p>\n\u003cp>Throughout the day, share prices never reached $45. And at the closing bell, stocks were even lower than their morning value: Uber ended the day at $41.57 per share.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The company's pricing reflected a relatively conservative approach for this initial public offering. A few months ago, analysts were expecting Uber's IPO to be far bigger than this. A $100 billion valuation was seen as reasonable — some even floated $120 billion.\u003c/p>\n\u003cp>But it's a rough week for the stock market, which is watching President Trump's rhetoric on trade with concern. And Uber's smaller ride-hailing rival Lyft saw its stock values plummet after an ambitiously priced IPO last month. \u003c/p>\n\u003cp>Still, this is the largest U.S. initial public offering since Alibaba's record-setting IPO in 2014.\u003c/p>\n\u003cp>Uber, which has never turned a profit, raised $8.1 billion in the IPO.\u003c/p>\n\u003cp>Uber has expanded dramatically since its founding a decade ago — in user base, in geographic scope and in ambition. Once focused on helping wealthy users hail private limos as an alternative to taxis, Uber embraced a peer-to-peer model where almost anyone could become a driver. Like Lyft, it began offering carpooling options where you share a ride with a stranger.\u003c/p>\n\u003cp>As Lyft focused on ride-hailing in the U.S., Uber took another path — expanding its global footprint and diversifying its services, offering food delivery, freight shipping and electric bike rentals.\u003c/p>\n\u003cp>But all that growth was expensive. Uber, like Lyft, has never made a profit. Instead, the company has burned through prodigious quantities of venture capital as it slashes prices to compete with rivals and invests any earnings into expansion. \u003c/p>\n\u003cp>Plenty of investors see big profits in Uber's future — in the long term. These profits depend on Uber outlasting rivals, raising rates and cutting costs. Investors point to the company's massive size, and the tremendous potential markets for its many services: ordering takeout, receiving packages, even getting groceries delivered.\u003c/p>\n\u003cp>\"They want to be able to touch consumers across all aspects of how they utilize transportation,\" says Ygal Arounian, an equity analyst at Wedbush Securities.\u003c/p>\n\u003cp>And autonomous vehicles, if they begin to replace drivers, could let Uber keep a bigger chunk of what users pay.\u003c/p>\n\u003cp>All the money raised through this IPO will help Uber chase that vision. But there are major obstacles.\u003c/p>\n\u003cp>While the technology behind autonomous or self-driving cars has come a long way, the cars are nowhere near ready for widespread, human-free deployment. And after a self-driving Uber hit and killed a pedestrian last year, Uber's own tests have slowed down.\u003c/p>\n\u003cp>Meanwhile, with autos that aren't autonomous ruling the roads, Uber relies on its community of drivers for its business model to work. And many drivers aren't happy: On Wednesday, groups held strikes and protests in cities in the United States, United Kingdom and Australia to push for higher pay and better working conditions. \u003c/p>\n\u003cfigure id=\"attachment_11746384\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-800x504.jpg\" alt=\"A small group of independent drivers and supporters protest against Uber and other app-based ride-hailing companies near the Wall Street Charging Bull on May 8 in New York City. Drivers called for higher wages and better rights as Uber prepared to go public.\" width=\"800\" height=\"504\" class=\"size-medium wp-image-11746384\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-800x504.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-160x101.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-1020x642.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-1200x755.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85.jpg 1600w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">A small group of independent drivers and supporters protest against Uber and other app-based ride-hailing companies near the Wall Street Charging Bull on May 8 in New York City. Drivers called for higher wages and better rights as Uber prepared to go public. \u003ccite>(Drew Angerer/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Nabilia Nusrat, who drives for Uber in New York, \u003ca href=\"https://www.npr.org/2019/05/08/721333408/uber-and-lyft-drivers-are-striking-and-call-on-passengers-to-boycott\" rel=\"noopener\" target=\"_blank\">told NPR\u003c/a> she was striking to protest the meager amount of money that drivers make from the overall fares. \"Kinda like the big fish making all the money,\" she said. \"I'm at the bottom of the chain so I'm getting pressed.\"\u003c/p>\n\u003cp>In Los Angeles, James Hicks said that both Uber and Lyft have been reducing drivers' take-home pay. Uber recently cut per-mile rates in Los Angeles by 25%.\u003c/p>\n\u003cp>\"Uber and Lyft have been stealing from their drivers almost since the beginning of introducing their respective businesses,\" Hicks said Wednesday.\u003c/p>\n\u003cp>Drivers' protests have seen some gains. New York City \u003ca href=\"https://www.wnyc.org/story/new-york-city-passes-new-pay-standards-app-based-drivers/\" rel=\"noopener\" target=\"_blank\">passed a minimum pay requirement\u003c/a> for drivers who work on ride-hailing platforms. A California court ruling found that drivers, currently treated as independent contractors, might be employees entitled to benefits. \u003c/p>\n\u003cp>At a protest outside Uber's company headquarters in San Francisco on Wednesday, Mostafa Maklad said he feels emboldened by those successes. He has been driving for Uber for four years, but this is his first protest for a living wage.\u003c/p>\n\u003cp>\"There have been several attempts before, but every time when people organize against Uber, Uber has always been managing to shut it down or kill it,\" he said. Now? \"If they're not going to reach out to us, the law will force them to.\"\u003c/p>\n\u003cp>Uber's brand has been dinged by more than driver complaints. The company continues to cope with the fallout of years of bad behavior and a toxic corporate culture — everything from illegal business practices to reports of sexual harassment.\u003c/p>\n\u003cp>Then there's the question of regulation and how a rising tide of populism might affect Uber's agenda. The company aspires to become a monopoly in transportation, using Wall Street money to overcome rivals.\u003c/p>\n\u003cp>At the same time, several progressive Democratic candidates running in the 2020 election are either calling for or considering moves to break up big tech giants. New legislation in that direction could threaten Uber's growth goals.\u003c/p>\n\u003cp>But many analysts who are optimistic about Uber's future take comfort in the example set by another tech giant, Facebook. Its practices have violated user privacy and raised alarms over monopoly power. But after CEO Mark Zuckerberg said he \u003ca href=\"https://www.npr.org/2019/04/24/716886822/facebook-could-face-up-to-5-billion-fine-for-privacy-violations\" rel=\"noopener\" target=\"_blank\">expected to pay a multi-billion-dollar fine to regulators\u003c/a>, Facebook's stock jumped more than 7% — indicating that investors believe the fine is not a real threat to Facebook's future.\u003c/p>\n\u003cp>Uber's history, too, suggests the company won't see its path blocked any time soon. The company grew as big as it did by openly ignoring municipal laws for taxicabs. Such rule-breaking has been essential to Uber's business model, said Matt Stoller, a fellow at the Open Markets Institute.\u003c/p>\n\u003cp>\"They go into cities. They get a bunch of customers. And then they get those customers to lobby their city council to change the law. \"\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>In the next phase, Stoller predicts, Uber could try to bypass antitrust laws. \u003c/p>\n\n",
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"excerpt": "Uber had a rocky debut on the stock market. Despite taking a relatively conservative approach to its share price, the company saw its stock go down immediately as trading began. ",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cstrong>Updated at 6:00 p.m. ET Friday\u003c/strong>\u003c/p>\n\u003cp>The ride-hailing company Uber made its stock market debut on Friday, and promptly saw share prices dip.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Uber priced its shares at $45, the lower end of the possible range, aiming for a total diluted market value of about $82 billion. After a delay of two and a half hours, trading started with the stock at $42, down more than 6% over that initial price.\u003c/p>\n\u003cp>Throughout the day, share prices never reached $45. And at the closing bell, stocks were even lower than their morning value: Uber ended the day at $41.57 per share.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The company's pricing reflected a relatively conservative approach for this initial public offering. A few months ago, analysts were expecting Uber's IPO to be far bigger than this. A $100 billion valuation was seen as reasonable — some even floated $120 billion.\u003c/p>\n\u003cp>But it's a rough week for the stock market, which is watching President Trump's rhetoric on trade with concern. And Uber's smaller ride-hailing rival Lyft saw its stock values plummet after an ambitiously priced IPO last month. \u003c/p>\n\u003cp>Still, this is the largest U.S. initial public offering since Alibaba's record-setting IPO in 2014.\u003c/p>\n\u003cp>Uber, which has never turned a profit, raised $8.1 billion in the IPO.\u003c/p>\n\u003cp>Uber has expanded dramatically since its founding a decade ago — in user base, in geographic scope and in ambition. Once focused on helping wealthy users hail private limos as an alternative to taxis, Uber embraced a peer-to-peer model where almost anyone could become a driver. Like Lyft, it began offering carpooling options where you share a ride with a stranger.\u003c/p>\n\u003cp>As Lyft focused on ride-hailing in the U.S., Uber took another path — expanding its global footprint and diversifying its services, offering food delivery, freight shipping and electric bike rentals.\u003c/p>\n\u003cp>But all that growth was expensive. Uber, like Lyft, has never made a profit. Instead, the company has burned through prodigious quantities of venture capital as it slashes prices to compete with rivals and invests any earnings into expansion. \u003c/p>\n\u003cp>Plenty of investors see big profits in Uber's future — in the long term. These profits depend on Uber outlasting rivals, raising rates and cutting costs. Investors point to the company's massive size, and the tremendous potential markets for its many services: ordering takeout, receiving packages, even getting groceries delivered.\u003c/p>\n\u003cp>\"They want to be able to touch consumers across all aspects of how they utilize transportation,\" says Ygal Arounian, an equity analyst at Wedbush Securities.\u003c/p>\n\u003cp>And autonomous vehicles, if they begin to replace drivers, could let Uber keep a bigger chunk of what users pay.\u003c/p>\n\u003cp>All the money raised through this IPO will help Uber chase that vision. But there are major obstacles.\u003c/p>\n\u003cp>While the technology behind autonomous or self-driving cars has come a long way, the cars are nowhere near ready for widespread, human-free deployment. And after a self-driving Uber hit and killed a pedestrian last year, Uber's own tests have slowed down.\u003c/p>\n\u003cp>Meanwhile, with autos that aren't autonomous ruling the roads, Uber relies on its community of drivers for its business model to work. And many drivers aren't happy: On Wednesday, groups held strikes and protests in cities in the United States, United Kingdom and Australia to push for higher pay and better working conditions. \u003c/p>\n\u003cfigure id=\"attachment_11746384\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-800x504.jpg\" alt=\"A small group of independent drivers and supporters protest against Uber and other app-based ride-hailing companies near the Wall Street Charging Bull on May 8 in New York City. Drivers called for higher wages and better rights as Uber prepared to go public.\" width=\"800\" height=\"504\" class=\"size-medium wp-image-11746384\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-800x504.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-160x101.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-1020x642.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85-1200x755.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/05/gettyimages-1142194552_custom-12954595a641e6f033bdc9a7a8e61e0d430a3ca0-s1600-c85.jpg 1600w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">A small group of independent drivers and supporters protest against Uber and other app-based ride-hailing companies near the Wall Street Charging Bull on May 8 in New York City. Drivers called for higher wages and better rights as Uber prepared to go public. \u003ccite>(Drew Angerer/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Nabilia Nusrat, who drives for Uber in New York, \u003ca href=\"https://www.npr.org/2019/05/08/721333408/uber-and-lyft-drivers-are-striking-and-call-on-passengers-to-boycott\" rel=\"noopener\" target=\"_blank\">told NPR\u003c/a> she was striking to protest the meager amount of money that drivers make from the overall fares. \"Kinda like the big fish making all the money,\" she said. \"I'm at the bottom of the chain so I'm getting pressed.\"\u003c/p>\n\u003cp>In Los Angeles, James Hicks said that both Uber and Lyft have been reducing drivers' take-home pay. Uber recently cut per-mile rates in Los Angeles by 25%.\u003c/p>\n\u003cp>\"Uber and Lyft have been stealing from their drivers almost since the beginning of introducing their respective businesses,\" Hicks said Wednesday.\u003c/p>\n\u003cp>Drivers' protests have seen some gains. New York City \u003ca href=\"https://www.wnyc.org/story/new-york-city-passes-new-pay-standards-app-based-drivers/\" rel=\"noopener\" target=\"_blank\">passed a minimum pay requirement\u003c/a> for drivers who work on ride-hailing platforms. A California court ruling found that drivers, currently treated as independent contractors, might be employees entitled to benefits. \u003c/p>\n\u003cp>At a protest outside Uber's company headquarters in San Francisco on Wednesday, Mostafa Maklad said he feels emboldened by those successes. He has been driving for Uber for four years, but this is his first protest for a living wage.\u003c/p>\n\u003cp>\"There have been several attempts before, but every time when people organize against Uber, Uber has always been managing to shut it down or kill it,\" he said. Now? \"If they're not going to reach out to us, the law will force them to.\"\u003c/p>\n\u003cp>Uber's brand has been dinged by more than driver complaints. The company continues to cope with the fallout of years of bad behavior and a toxic corporate culture — everything from illegal business practices to reports of sexual harassment.\u003c/p>\n\u003cp>Then there's the question of regulation and how a rising tide of populism might affect Uber's agenda. The company aspires to become a monopoly in transportation, using Wall Street money to overcome rivals.\u003c/p>\n\u003cp>At the same time, several progressive Democratic candidates running in the 2020 election are either calling for or considering moves to break up big tech giants. New legislation in that direction could threaten Uber's growth goals.\u003c/p>\n\u003cp>But many analysts who are optimistic about Uber's future take comfort in the example set by another tech giant, Facebook. Its practices have violated user privacy and raised alarms over monopoly power. But after CEO Mark Zuckerberg said he \u003ca href=\"https://www.npr.org/2019/04/24/716886822/facebook-could-face-up-to-5-billion-fine-for-privacy-violations\" rel=\"noopener\" target=\"_blank\">expected to pay a multi-billion-dollar fine to regulators\u003c/a>, Facebook's stock jumped more than 7% — indicating that investors believe the fine is not a real threat to Facebook's future.\u003c/p>\n\u003cp>Uber's history, too, suggests the company won't see its path blocked any time soon. The company grew as big as it did by openly ignoring municipal laws for taxicabs. Such rule-breaking has been essential to Uber's business model, said Matt Stoller, a fellow at the Open Markets Institute.\u003c/p>\n\u003cp>\"They go into cities. They get a bunch of customers. And then they get those customers to lobby their city council to change the law. \"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>In the next phase, Stoller predicts, Uber could try to bypass antitrust laws. \u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Uber's Eye-Popping IPO Approaches. Is it Really Worth $90 Billion?",
"title": "Uber's Eye-Popping IPO Approaches. Is it Really Worth $90 Billion?",
"headTitle": "The California Report | KQED News",
"content": "\u003cp>Uber will go public on Friday in a highly anticipated initial public offering that will be the largest since 2014 — and one of the biggest in U.S. history.\u003c/p>\n\u003cp>After speculation that the ride-hailing company could be valued at as high as $120 billion, Uber is now targeting a valuation of $80 billion to $90 billion. At the same time, it has never made a profit — and has instead been burning through cash at a prodigious rate.\u003c/p>\n\u003cp>[aside label=\"More Uber IPO coverage\" tag=\"ipo\"]\u003c/p>\n\u003cp>Uber has grown massively in the decade since its founding and has footprints around the world. Its wild success has made Uber a household name — not just synonymous with ride-hailing but shorthand for any app that offers a service on demand: \"Uber, but for laundry,\" \"Uber, but for dog-walking.\"\u003c/p>\n\u003cp>And these days, Uber itself is the Uber for a lot more than ride-hailing. Uber Eats is Uber, but for \u003ca href=\"https://www.npr.org/sections/thesalt/2018/10/23/658436657/ubers-online-only-restaurants-the-future-or-the-end-of-dining-out\">takeout\u003c/a>. Uber Freight is Uber, but for shipping. Jump is Uber, but for electric bikes and scooters.\u003c/p>\n\u003cp>\"This is a company that's fighting a lot of battles on a lot of fronts,\" says Tom White, an analyst at D.A. Davidson.\u003c/p>\n\u003cp>It has been expensive for Uber to expand into all those new markets. And the company has burned through money while keeping rates low to compete with its numerous rivals.\u003c/p>\n\u003cp>Uber has mastered the art of rapid growth. But how can it pivot to become a profitable company?\u003c/p>\n\u003cp>\"That's the $100 billion question,\" says Ygal Arounian, an equity analyst at Wedbush Securities.\u003c/p>\n\u003cp>\"Uber is losing money, and you have to have a little bit of a vision to see them taking that revenue and start turning it into profit,\" he says.\u003c/p>\n\u003cp>Both Arounian and White are optimistic about Uber's chances — eventually.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Uber has sheer scale on its side, giving it a balance sheet that will let it wait out competitors. And once rivals have dropped out or consolidated, Uber can stop spending so much on discounts and coupons (thus effectively raising prices for users) and start bringing in more money.\u003c/p>\n\u003cp>Arounian also notes that there's an advantage to being the Uber for everything. If drivers work for multiple Uber platforms — for example, for ride-hailing and for Uber Eats — they can fill a day more efficiently.\u003c/p>\n\u003cp>\"During peak driving times, that driver is picking people up and dropping them off,\" Arounian says. \"Lunchtime kicks in — they're dropping off food. Switch back on during the evening rush hour to drop people off, and then they could do dinner.\"\u003c/p>\n\u003cp>That gives Uber an edge over companies that offer just one service. Cut some expenses, find a way to spend less on insurance, eventually roll out self-driving cars, and you may have a recipe for profits, Arounian says.\u003c/p>\n\u003cp>There's reason to be skeptical. To make this recipe work, Uber has to crush a small army of competitors. And when it comes to self-driving cars, there are huge obstacles, including not just technical challenges but also a maze of regulatory hurdles.\u003c/p>\n\u003cp>Analysts who believe in Uber's future profits emphasize that they're talking about the long term.\u003c/p>\n\u003cp>In the meantime, aside from the minor detail that it burns billions of dollars each year, Uber has other challenges.\u003c/p>\n\u003cp>Drivers have complained about their pay. On Wednesday, drivers \u003ca href=\"https://www.npr.org/2019/05/08/721333408/uber-and-lyft-drivers-are-striking-and-call-on-passengers-to-boycott\">went on strike \u003c/a>and protested in cities across the United States.\u003c/p>\n\u003cp>James Hicks was on strike in Los Angeles. He noted that Uber recently cut driver per-mile pay by 25% in that city.\u003c/p>\n\u003cp>\"My main concern is making sure that each and every individual driver makes enough money to put food on the table, to pay the bills,\" Hicks said, standing at the protest at Los Angeles International Airport.\u003c/p>\n\u003cp>And some drivers have called to be treated like employees, \u003ca href=\"https://www.npr.org/sections/thetwo-way/2015/06/17/415262801/california-labor-commission-rules-uber-driver-is-an-employee-not-a-contractor\">not contractors\u003c/a>, which would hurt Uber financially.\u003c/p>\n\u003cp>Then there is Uber's dented brand. The company was long famous for openly flouting laws. Its corporate culture was toxic. Women who worked at Uber have reported rampant \u003ca href=\"https://www.npr.org/sections/thetwo-way/2017/06/06/531806891/uber-fires-20-employees-after-sexual-harassment-claim-investigation\">sexual harassment\u003c/a>.\u003c/p>\n\u003cp>Uber \u003ca href=\"https://www.npr.org/sections/alltechconsidered/2017/06/21/533791446/after-ceo-resignation-is-uber-kalanick-less-or-kalanick-free\">ousted co-founder Travis Kalanick\u003c/a> as CEO and replaced him with \u003ca href=\"https://www.npr.org/sections/thetwo-way/2017/08/27/546621735/uber-picks-new-ceo-expedias-dara-khosrowshahi\">Dara Khosrowshahi\u003c/a>, who has been tasked with cleaning up shop — and, with some of Uber's reputation restored, taking the company public.\u003c/p>\n\u003cp>As the IPO approaches, Uber has tempered expectations slightly. Lyft's IPO in March is a bit of a cautionary tale.\u003c/p>\n\u003cp>Uber's smaller ride-sharing rival set an ambitious price for its shares. After an initial pop, Lyft's stock slid dramatically. It has dropped nearly 30% from its IPO price.\u003c/p>\n\u003cp>As Uber prepares to follow Lyft into the stock market, it's \u003cem>not\u003c/em> aiming for a $120 billion valuation, like some analysts had previously floated.\u003c/p>\n\u003cp>Still, with a total value of $80 billion to $90 billion, this will be the largest IPO in five years.\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2019 NPR. To see more, visit https://www.npr.org.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Uber%27s+Eye-Popping+IPO+Approaches.+Is+It+Really+Worth+%2490+Billion%3F&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Uber will go public on Friday in a highly anticipated initial public offering that will be the largest since 2014 — and one of the biggest in U.S. history.\u003c/p>\n\u003cp>After speculation that the ride-hailing company could be valued at as high as $120 billion, Uber is now targeting a valuation of $80 billion to $90 billion. At the same time, it has never made a profit — and has instead been burning through cash at a prodigious rate.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Uber has grown massively in the decade since its founding and has footprints around the world. Its wild success has made Uber a household name — not just synonymous with ride-hailing but shorthand for any app that offers a service on demand: \"Uber, but for laundry,\" \"Uber, but for dog-walking.\"\u003c/p>\n\u003cp>And these days, Uber itself is the Uber for a lot more than ride-hailing. Uber Eats is Uber, but for \u003ca href=\"https://www.npr.org/sections/thesalt/2018/10/23/658436657/ubers-online-only-restaurants-the-future-or-the-end-of-dining-out\">takeout\u003c/a>. Uber Freight is Uber, but for shipping. Jump is Uber, but for electric bikes and scooters.\u003c/p>\n\u003cp>\"This is a company that's fighting a lot of battles on a lot of fronts,\" says Tom White, an analyst at D.A. Davidson.\u003c/p>\n\u003cp>It has been expensive for Uber to expand into all those new markets. And the company has burned through money while keeping rates low to compete with its numerous rivals.\u003c/p>\n\u003cp>Uber has mastered the art of rapid growth. But how can it pivot to become a profitable company?\u003c/p>\n\u003cp>\"That's the $100 billion question,\" says Ygal Arounian, an equity analyst at Wedbush Securities.\u003c/p>\n\u003cp>\"Uber is losing money, and you have to have a little bit of a vision to see them taking that revenue and start turning it into profit,\" he says.\u003c/p>\n\u003cp>Both Arounian and White are optimistic about Uber's chances — eventually.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Uber has sheer scale on its side, giving it a balance sheet that will let it wait out competitors. And once rivals have dropped out or consolidated, Uber can stop spending so much on discounts and coupons (thus effectively raising prices for users) and start bringing in more money.\u003c/p>\n\u003cp>Arounian also notes that there's an advantage to being the Uber for everything. If drivers work for multiple Uber platforms — for example, for ride-hailing and for Uber Eats — they can fill a day more efficiently.\u003c/p>\n\u003cp>\"During peak driving times, that driver is picking people up and dropping them off,\" Arounian says. \"Lunchtime kicks in — they're dropping off food. Switch back on during the evening rush hour to drop people off, and then they could do dinner.\"\u003c/p>\n\u003cp>That gives Uber an edge over companies that offer just one service. Cut some expenses, find a way to spend less on insurance, eventually roll out self-driving cars, and you may have a recipe for profits, Arounian says.\u003c/p>\n\u003cp>There's reason to be skeptical. To make this recipe work, Uber has to crush a small army of competitors. And when it comes to self-driving cars, there are huge obstacles, including not just technical challenges but also a maze of regulatory hurdles.\u003c/p>\n\u003cp>Analysts who believe in Uber's future profits emphasize that they're talking about the long term.\u003c/p>\n\u003cp>In the meantime, aside from the minor detail that it burns billions of dollars each year, Uber has other challenges.\u003c/p>\n\u003cp>Drivers have complained about their pay. On Wednesday, drivers \u003ca href=\"https://www.npr.org/2019/05/08/721333408/uber-and-lyft-drivers-are-striking-and-call-on-passengers-to-boycott\">went on strike \u003c/a>and protested in cities across the United States.\u003c/p>\n\u003cp>James Hicks was on strike in Los Angeles. He noted that Uber recently cut driver per-mile pay by 25% in that city.\u003c/p>\n\u003cp>\"My main concern is making sure that each and every individual driver makes enough money to put food on the table, to pay the bills,\" Hicks said, standing at the protest at Los Angeles International Airport.\u003c/p>\n\u003cp>And some drivers have called to be treated like employees, \u003ca href=\"https://www.npr.org/sections/thetwo-way/2015/06/17/415262801/california-labor-commission-rules-uber-driver-is-an-employee-not-a-contractor\">not contractors\u003c/a>, which would hurt Uber financially.\u003c/p>\n\u003cp>Then there is Uber's dented brand. The company was long famous for openly flouting laws. Its corporate culture was toxic. Women who worked at Uber have reported rampant \u003ca href=\"https://www.npr.org/sections/thetwo-way/2017/06/06/531806891/uber-fires-20-employees-after-sexual-harassment-claim-investigation\">sexual harassment\u003c/a>.\u003c/p>\n\u003cp>Uber \u003ca href=\"https://www.npr.org/sections/alltechconsidered/2017/06/21/533791446/after-ceo-resignation-is-uber-kalanick-less-or-kalanick-free\">ousted co-founder Travis Kalanick\u003c/a> as CEO and replaced him with \u003ca href=\"https://www.npr.org/sections/thetwo-way/2017/08/27/546621735/uber-picks-new-ceo-expedias-dara-khosrowshahi\">Dara Khosrowshahi\u003c/a>, who has been tasked with cleaning up shop — and, with some of Uber's reputation restored, taking the company public.\u003c/p>\n\u003cp>As the IPO approaches, Uber has tempered expectations slightly. Lyft's IPO in March is a bit of a cautionary tale.\u003c/p>\n\u003cp>Uber's smaller ride-sharing rival set an ambitious price for its shares. After an initial pop, Lyft's stock slid dramatically. It has dropped nearly 30% from its IPO price.\u003c/p>\n\u003cp>As Uber prepares to follow Lyft into the stock market, it's \u003cem>not\u003c/em> aiming for a $120 billion valuation, like some analysts had previously floated.\u003c/p>\n\u003cp>Still, with a total value of $80 billion to $90 billion, this will be the largest IPO in five years.\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2019 NPR. To see more, visit https://www.npr.org.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Uber%27s+Eye-Popping+IPO+Approaches.+Is+It+Really+Worth+%2490+Billion%3F&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Happy \u003ca href=\"http://bit.ly/fioredodgetheubers\" target=\"_blank\" rel=\"noopener\">#BikeToWorkDay\u003c/a>, remember to #DodgeTheUbers during your commute!\u003c/p>\n\u003cp>After\u003ca href=\"https://www.kqed.org/news/11745857/uber-and-lyft-drivers-are-striking-calling-on-passengers-to-boycott\" target=\"_blank\" rel=\"noopener\"> Wednesday’s ride-service strike\u003c/a>, Uber and Lyft cars are out in full force again.\u003c/p>\n\u003cp>As a regular bike commuter myself, I didn’t need \u003ca href=\"https://www.kqed.org/news/11699063/city-analysis-uber-lyft-are-biggest-contributors-to-slowdown-in-s-f-traffic\" target=\"_blank\" rel=\"noopener\">a study\u003c/a> to tell me there has been an explosion of new ride “share” cars on our clogged roads. (Although it’s great to have the data to back up my suspicions.)\u003c/p>\n\u003cp>For some, those added cars translate into \u003ca href=\"https://www.kqed.org/news/11745274/ipos-bring-tax-jackpot-for-california-can-lawmakers-resist\" target=\"_blank\" rel=\"noopener\">billions of dollars.\u003c/a>\u003c/p>\n\u003cp>Sure the money would be nice, but all things being equal, I’ll \u003ca href=\"https://www.kqed.org/news/11746183/san-francisco-to-get-20-new-miles-of-protected-bike-lanes-mayor-says-on-bike-to-work-day\" target=\"_blank\" rel=\"noopener\">take a bike\u003c/a> over a car any day.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Happy \u003ca href=\"http://bit.ly/fioredodgetheubers\" target=\"_blank\" rel=\"noopener\">#BikeToWorkDay\u003c/a>, remember to #DodgeTheUbers during your commute!\u003c/p>\n\u003cp>After\u003ca href=\"https://www.kqed.org/news/11745857/uber-and-lyft-drivers-are-striking-calling-on-passengers-to-boycott\" target=\"_blank\" rel=\"noopener\"> Wednesday’s ride-service strike\u003c/a>, Uber and Lyft cars are out in full force again.\u003c/p>\n\u003cp>As a regular bike commuter myself, I didn’t need \u003ca href=\"https://www.kqed.org/news/11699063/city-analysis-uber-lyft-are-biggest-contributors-to-slowdown-in-s-f-traffic\" target=\"_blank\" rel=\"noopener\">a study\u003c/a> to tell me there has been an explosion of new ride “share” cars on our clogged roads. (Although it’s great to have the data to back up my suspicions.)\u003c/p>\n\u003cp>For some, those added cars translate into \u003ca href=\"https://www.kqed.org/news/11745274/ipos-bring-tax-jackpot-for-california-can-lawmakers-resist\" target=\"_blank\" rel=\"noopener\">billions of dollars.\u003c/a>\u003c/p>\n\u003cp>Sure the money would be nice, but all things being equal, I’ll \u003ca href=\"https://www.kqed.org/news/11746183/san-francisco-to-get-20-new-miles-of-protected-bike-lanes-mayor-says-on-bike-to-work-day\" target=\"_blank\" rel=\"noopener\">take a bike\u003c/a> over a car any day.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>\u003cem>Updated 2 p.m.\u003c/em>\u003c/p>\n\u003cp>Ahead of Uber's initial public offering, drivers for Uber, Lyft and other ride-service companies plan to strike, turning off the apps as they flex their collective muscles to say: What about us?\u003c/p>\n\u003cp>Drivers in 10 cities across the country are taking action on Wednesday to draw attention to what they say are decreasing wages for drivers and a distressing lack of job security — and some are calling on passengers to temporarily boycott the ride-hailing services, too.\u003c/p>\n\u003cp>About 200 drivers and supporters protested outside Uber headquarters in San Francisco, carrying signs and chanting, “Drivers united will never be defeated.” Passing drivers honked their horns in support before protesters spilled onto Market Street, blocking traffic.\u003c/p>\n\u003cp>The Bay Area-based group Gig Workers Rising, which describes itself as \"a community of app and platform workers coming together to improve our work and livelihoods,\" called for a 12-hour \"app shut-off\" for drivers and a strike in San Francisco starting at noon.\u003c/p>\n\u003cp>Oakland resident Stephen Phillips, who has driven for Uber and Lyft for four years, turned his app off and held a sign in front of Uber headquarters that said, “Our actual earnings are half what they were 4 years ago.”\u003c/p>\n\u003cp>He said drivers are flocking to San Francisco for work.\u003c/p>\n\u003cp>“Drivers are coming from all over the state, from Modesto, Sacramento, L.A., San Diego,\" Phillips said. \"And they’re driving here and they’re sleeping in their cars because they can make so much more money here than they can where they come from. Many, many, many of them are very aware the companies have been treating us unfairly. There’s a very big awareness of that.”\u003c/p>\n\u003cp>https://twitter.com/Steph_Lister_7/status/1126200496039940097\u003c/p>\n\u003cp>Uber driver Gabriel Ets-Hokin said the real danger with the company is that it built its business by fragmenting workers and slashing their pay below livable rates.\u003c/p>\n\u003cp>“What will society look like when this model is exported to other industries?” he asked.\u003c/p>\n\u003cp>Erica Mighetto said she drives to San Francisco from Sacramento to try to make money driving for Lyft. She took the job because her dad has diabetes and she‘s the primary caregiver. But she said she now has to drive 60 hours a week to pay the bills.\u003c/p>\n\u003cp>https://twitter.com/SamWHarnett/status/1126213122228809728\u003c/p>\n\u003cp>Among the \u003ca href=\"https://drivers-united.org/strike\">drivers' demands in Los Angeles \u003c/a>are a 10% cap on commissions taken by Uber and Lyft, hourly minimum pay and fare breakdowns on passenger receipts that show the companies' take. New York drivers \u003ca href=\"http://www.nytwa.org/home/2019/5/7/nyc-is-strike-ready-tomorrow-uber-lyft-juno-via-apps-off-7am-9am\">are demanding\u003c/a> an end to sudden account deactivations and the right to appeal through the courts.\u003c/p>\n\u003cp>The strike was spearheaded by \u003ca href=\"https://drivers-united.org/\">Rideshare Drivers United\u003c/a>, a Los Angeles-based association of drivers. And the group is asking for the support of would-be passengers.\u003c/p>\n\u003cp>\"We ask that the public support drivers in their struggle for fair wages and our Drivers bill of rights,\" spokesman Brian Dolber said in an email to NPR. \"We are calling for community standards that will ensure that Uber and Lyft do not create needless traffic and pollution. By boycotting Uber/Lyft for 24 hours, passengers can show that they stand with RDU in our fight for a rideshare industry that truly serves Angelenos.\"\u003c/p>\n\u003cp>When companies go public, it usually means big money for executives and sometimes nice payouts for employees. San Francisco's housing market has been bracing for the \u003ca href=\"https://www.nytimes.com/2019/03/07/style/uber-ipo-san-francisco-rich.html\">thousands\u003c/a> of newly minted millionaires spawned by four major IPOs this spring.\u003c/p>\n\u003cp>Uber's valuation could be as high as \u003ca href=\"https://www.nytimes.com/2019/04/26/technology/uber-ipo-valuation-price-range.html?module=inline\">$91 billion\u003c/a> when trading begins, which would place it among the top three most valuable firms to ever debut on a U.S. exchange. Co-founder and former CEO Travis Kalanick's stake may be worth \u003ca href=\"https://www.nytimes.com/2019/05/05/business/dealbook/uber-ipo.html\">as much as\u003c/a> $5.9 billion.\u003c/p>\n\u003cp>https://twitter.com/SamWHarnett/status/1126209288081293312\u003c/p>\n\u003cp>But the IPO won't be life-changing for most drivers, who Uber insists are independent contractors, not employees. Some drivers will receive \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1543151/000119312519120759/d647752ds1a.htm#toc647752_1\">one-time bonuses\u003c/a> according to their loyalty: Those who completed more than 2,500 trips before April 7 and at least one this year are eligible for a bonus, ranging from $100 for those drivers with 2,500 completed trips to $40,000 for 40,000 completed trips. U.S. drivers can use that bonus to buy \u003ca href=\"https://www.cbsnews.com/news/uber-ipo-will-uber-drivers-profit-from-tech-companys-initial-public-offering/\">up to $10,000 in stock\u003c/a> in the company at the IPO price.\u003c/p>\n\u003cp>That may not end up being a great deal if Lyft's IPO is any indication: Its shares are down about 20% since the initial offering. Some drivers also \u003ca href=\"https://www.npr.org/2019/03/29/707908980/uber-and-lyft-drivers-strike-in-california\">went on strike\u003c/a> before Lyft went public in March.\u003c/p>\n\u003cp>Strikes or rallies are also planned in Chicago, Washington, Boston, Atlanta, Philadelphia, San Diego and Stamford, Connecticut. On Twitter, organizers are using the hashtags #StrikeUberLyft and #AppsOffMay8 to build momentum.\u003c/p>\n\u003cp>This strike is taking different forms in different cities, but in the L.A. metro area, the strike will last for \u003ca href=\"https://drivers-united.org/strike\">24 hours\u003c/a>, with a picket line at Los Angeles International Airport and a noon rally. The New York Taxi Workers Alliance called for \u003ca href=\"http://www.nytwa.org/home/2019/5/7/nyc-is-strike-ready-tomorrow-uber-lyft-juno-via-apps-off-7am-9am\">a rush-hour strike\u003c/a>, during which drivers will turn off the Uber, Lyft, Juno and Via apps from 7 to 9 a.m., and then rally outside Uber and Lyft headquarters in Long Island City.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"Uber/Lyft going public on the stock market will make billionaires of Uber and Lyft bosses while drivers struggle in poverty and the companies destroy the livelihoods of drivers in every sector,\" the New York drivers' organization says in its call to action.\u003c/p>\n\u003cp>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. At D.C.-area airports, officials arranged for extra cabs and said they always encourage passengers to consider taking the Metro rail system or the bus, The Washington Post \u003ca href=\"https://www.washingtonpost.com/transportation/2019/05/07/strike-by-uber-lyft-drivers-wednesday-has-potential-disrupt-travel-thousands/?utm_term=.f1d44fa418bf\">reported\u003c/a>.\u003c/p>\n\u003cp>In a statement to Post, Uber said drivers \"are at the heart of our service — we can't succeed without them — and thousands of people come into work at Uber every day focused on how to make their experience better, on and off the road. 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.\"\u003c/p>\n\u003cp>\u003cem>KQED's Sam Harnett and Stephanie Lister contributed to this post.\u003c/em>\u003c/p>\n\u003cp>Copyright 2019 NPR. To see more, visit https://www.npr.org.\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>Updated 2 p.m.\u003c/em>\u003c/p>\n\u003cp>Ahead of Uber's initial public offering, drivers for Uber, Lyft and other ride-service companies plan to strike, turning off the apps as they flex their collective muscles to say: What about us?\u003c/p>\n\u003cp>Drivers in 10 cities across the country are taking action on Wednesday to draw attention to what they say are decreasing wages for drivers and a distressing lack of job security — and some are calling on passengers to temporarily boycott the ride-hailing services, too.\u003c/p>\n\u003cp>About 200 drivers and supporters protested outside Uber headquarters in San Francisco, carrying signs and chanting, “Drivers united will never be defeated.” Passing drivers honked their horns in support before protesters spilled onto Market Street, blocking traffic.\u003c/p>\n\u003cp>The Bay Area-based group Gig Workers Rising, which describes itself as \"a community of app and platform workers coming together to improve our work and livelihoods,\" called for a 12-hour \"app shut-off\" for drivers and a strike in San Francisco starting at noon.\u003c/p>\n\u003cp>Oakland resident Stephen Phillips, who has driven for Uber and Lyft for four years, turned his app off and held a sign in front of Uber headquarters that said, “Our actual earnings are half what they were 4 years ago.”\u003c/p>\n\u003cp>He said drivers are flocking to San Francisco for work.\u003c/p>\n\u003cp>“Drivers are coming from all over the state, from Modesto, Sacramento, L.A., San Diego,\" Phillips said. \"And they’re driving here and they’re sleeping in their cars because they can make so much more money here than they can where they come from. Many, many, many of them are very aware the companies have been treating us unfairly. There’s a very big awareness of that.”\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Among the \u003ca href=\"https://drivers-united.org/strike\">drivers' demands in Los Angeles \u003c/a>are a 10% cap on commissions taken by Uber and Lyft, hourly minimum pay and fare breakdowns on passenger receipts that show the companies' take. New York drivers \u003ca href=\"http://www.nytwa.org/home/2019/5/7/nyc-is-strike-ready-tomorrow-uber-lyft-juno-via-apps-off-7am-9am\">are demanding\u003c/a> an end to sudden account deactivations and the right to appeal through the courts.\u003c/p>\n\u003cp>The strike was spearheaded by \u003ca href=\"https://drivers-united.org/\">Rideshare Drivers United\u003c/a>, a Los Angeles-based association of drivers. And the group is asking for the support of would-be passengers.\u003c/p>\n\u003cp>\"We ask that the public support drivers in their struggle for fair wages and our Drivers bill of rights,\" spokesman Brian Dolber said in an email to NPR. \"We are calling for community standards that will ensure that Uber and Lyft do not create needless traffic and pollution. By boycotting Uber/Lyft for 24 hours, passengers can show that they stand with RDU in our fight for a rideshare industry that truly serves Angelenos.\"\u003c/p>\n\u003cp>When companies go public, it usually means big money for executives and sometimes nice payouts for employees. San Francisco's housing market has been bracing for the \u003ca href=\"https://www.nytimes.com/2019/03/07/style/uber-ipo-san-francisco-rich.html\">thousands\u003c/a> of newly minted millionaires spawned by four major IPOs this spring.\u003c/p>\n\u003cp>Uber's valuation could be as high as \u003ca href=\"https://www.nytimes.com/2019/04/26/technology/uber-ipo-valuation-price-range.html?module=inline\">$91 billion\u003c/a> when trading begins, which would place it among the top three most valuable firms to ever debut on a U.S. exchange. Co-founder and former CEO Travis Kalanick's stake may be worth \u003ca href=\"https://www.nytimes.com/2019/05/05/business/dealbook/uber-ipo.html\">as much as\u003c/a> $5.9 billion.\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>But the IPO won't be life-changing for most drivers, who Uber insists are independent contractors, not employees. Some drivers will receive \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1543151/000119312519120759/d647752ds1a.htm#toc647752_1\">one-time bonuses\u003c/a> according to their loyalty: Those who completed more than 2,500 trips before April 7 and at least one this year are eligible for a bonus, ranging from $100 for those drivers with 2,500 completed trips to $40,000 for 40,000 completed trips. U.S. drivers can use that bonus to buy \u003ca href=\"https://www.cbsnews.com/news/uber-ipo-will-uber-drivers-profit-from-tech-companys-initial-public-offering/\">up to $10,000 in stock\u003c/a> in the company at the IPO price.\u003c/p>\n\u003cp>That may not end up being a great deal if Lyft's IPO is any indication: Its shares are down about 20% since the initial offering. Some drivers also \u003ca href=\"https://www.npr.org/2019/03/29/707908980/uber-and-lyft-drivers-strike-in-california\">went on strike\u003c/a> before Lyft went public in March.\u003c/p>\n\u003cp>Strikes or rallies are also planned in Chicago, Washington, Boston, Atlanta, Philadelphia, San Diego and Stamford, Connecticut. On Twitter, organizers are using the hashtags #StrikeUberLyft and #AppsOffMay8 to build momentum.\u003c/p>\n\u003cp>This strike is taking different forms in different cities, but in the L.A. metro area, the strike will last for \u003ca href=\"https://drivers-united.org/strike\">24 hours\u003c/a>, with a picket line at Los Angeles International Airport and a noon rally. The New York Taxi Workers Alliance called for \u003ca href=\"http://www.nytwa.org/home/2019/5/7/nyc-is-strike-ready-tomorrow-uber-lyft-juno-via-apps-off-7am-9am\">a rush-hour strike\u003c/a>, during which drivers will turn off the Uber, Lyft, Juno and Via apps from 7 to 9 a.m., and then rally outside Uber and Lyft headquarters in Long Island City.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"Uber/Lyft going public on the stock market will make billionaires of Uber and Lyft bosses while drivers struggle in poverty and the companies destroy the livelihoods of drivers in every sector,\" the New York drivers' organization says in its call to action.\u003c/p>\n\u003cp>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. At D.C.-area airports, officials arranged for extra cabs and said they always encourage passengers to consider taking the Metro rail system or the bus, The Washington Post \u003ca href=\"https://www.washingtonpost.com/transportation/2019/05/07/strike-by-uber-lyft-drivers-wednesday-has-potential-disrupt-travel-thousands/?utm_term=.f1d44fa418bf\">reported\u003c/a>.\u003c/p>\n\u003cp>In a statement to Post, Uber said drivers \"are at the heart of our service — we can't succeed without them — and thousands of people come into work at Uber every day focused on how to make their experience better, on and off the road. 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.\"\u003c/p>\n\u003cp>\u003cem>KQED's Sam Harnett and Stephanie Lister contributed to this post.\u003c/em>\u003c/p>\n\u003cp>Copyright 2019 NPR. To see more, visit https://www.npr.org.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>Millionaires and billionaires, anyone?\u003c/p>\n\u003cp>Bay Area \u003ca href=\"https://www.nytimes.com/2019/03/07/style/uber-ipo-san-francisco-rich.html\" target=\"_blank\" rel=\"noopener\">housing\u003c/a> and state tax revenues may be \u003ca href=\"http://bit.ly/fioreipotaxes\" target=\"_blank\" rel=\"noopener\">in for a wild ride\u003c/a> as at least six companies valued at over $1 billion are set to go public.\u003c/p>\n\u003cp>The number-crunchers estimate Uber will be valued at around $91 billion, making it one of the most gigantic initial public offerings in technology.\u003c/p>\n\u003cp>Meanwhile, state officials say they are about to rake in the largest haul of capital gains taxes the state has ever seen, even before any IPO windfalls are figured in.\u003c/p>\n\u003cp>Even though what goes up can \u003cem>definitely\u003c/em> come down, it seems a little different from the days of \u003ca href=\"https://www.marketwatch.com/story/sock-puppet-kills-petscom\" target=\"_blank\" rel=\"noopener\">sock puppet IPOs\u003c/a>.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Millionaires and billionaires, anyone?\u003c/p>\n\u003cp>Bay Area \u003ca href=\"https://www.nytimes.com/2019/03/07/style/uber-ipo-san-francisco-rich.html\" target=\"_blank\" rel=\"noopener\">housing\u003c/a> and state tax revenues may be \u003ca href=\"http://bit.ly/fioreipotaxes\" target=\"_blank\" rel=\"noopener\">in for a wild ride\u003c/a> as at least six companies valued at over $1 billion are set to go public.\u003c/p>\n\u003cp>The number-crunchers estimate Uber will be valued at around $91 billion, making it one of the most gigantic initial public offerings in technology.\u003c/p>\n\u003cp>Meanwhile, state officials say they are about to rake in the largest haul of capital gains taxes the state has ever seen, even before any IPO windfalls are figured in.\u003c/p>\n\u003cp>Even though what goes up can \u003cem>definitely\u003c/em> come down, it seems a little different from the days of \u003ca href=\"https://www.marketwatch.com/story/sock-puppet-kills-petscom\" target=\"_blank\" rel=\"noopener\">sock puppet IPOs\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "IPOs to Bring Tax Jackpot for California. Can Lawmakers Resist?",
"title": "IPOs to Bring Tax Jackpot for California. Can Lawmakers Resist?",
"headTitle": "The California Report | KQED News",
"content": "\u003cp>Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires and a welcome quandary for the state's budget writers.\u003c/p>\n\u003cp>Though it's tough to gauge the total tax revenue all those profits will produce, it's not a stretch to estimate California will add $1 billion or more after the initial public offerings, or IPOs, are made.\u003c/p>\n\u003cp>\"I've never experienced anything like this,\" said Daniel Morgan, senior portfolio manager for the investment firm Synovus Trust. \"It's definitely going to be a big lottery for everyone. Not only tech owners, but I think the state of California.\"\u003c/p>\n\u003cp>It's an enticing opportunity for lawmakers to fund chosen causes — a temptation legislative leaders are trying to resist. Lawmakers can't count on the money being there every year, and Assembly Budget Chairman Phil Ting said they are intent on learning from their past mistakes.\u003c/p>\n\u003cp>\"My sense of it is we will have to be very careful,\" said Ting, a Democrat from San Francisco. \"Our overall budget is $200 billion. So even if there was a $1 billion or $2 billion windfall, let's say, it doesn't make or break the budget — unless we spend it in the wrong way.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>In the late 1990s and early 2000s, that's what happened. Lawmakers were quick to expand state spending amid a booming tech economy and the corporate IPOs that went with it, only to see those gains vanish when the bubble burst and ushered in a recession and a $14 billion budget gap.\u003c/p>\n\u003cp>\"From a state budget perspective, major IPOs are a bit like rainbows. They are lovely to watch but they don't last for very long,\" said H.D. Palmer, deputy director for external affairs at the California Department of Finance, which manages Gov. Gavin Newsom's budget plans.\u003c/p>\n\u003cp>It could be difficult for lawmakers to keep their hands off any extra money because, this year, California has so much of it.\u003c/p>\n\u003cp>The state has a projected $21 billion surplus in the first year of Newsom's administration, and that's without factoring in money from the IPO wave. Former Gov. Jerry Brown began his administration with a deficit, and he frequently clashed with fellow Democrats who wanted to spend more while he wanted to save it.\u003c/p>\n\u003cp>As he left office, with the California economy humming, Brown warned that Newsom might have a tough time convincing the Legislature not to drastically increase spending.\u003c/p>\n\u003cp>Newsom did propose new recurring spending, including proposals to improve drinking water in rural areas and to bolster the state's 911 emergency call system. But he proposed new taxes to pay for them instead of relying on the state surplus.\u003c/p>\n\u003cp>Newsom's budget proposal will be revised next month based on revenue collections. Ting said it likely will not include revenue from the IPOs.\u003c/p>\n\u003cp>David Wolfe is skeptical. The legislative director of the Howard Jarvis Taxpayers Association noted California has historically had trouble saving money during the good years.\u003c/p>\n\u003cp>\"You see these surpluses out there and it's deja vu all over again,\" said Wolfe, whose organization favors limited taxation. \"Are we going to spend this money on one-time programs? Given California's history, I think the likelihood of that is doubtful.\"\u003c/p>\n\u003cp>IPO windfalls are unusual in the world of state budgets, but they have become common in California, a state with nearly 40 million people that boasts the fifth-largest economy in the world. The state budget relies heavily on the wealthiest earners; in 2017, the top 1% were responsible for more than 47% of the state's income tax collections.\u003c/p>\n\u003cp>Most of that comes in capital gains, which in California are taxed the same as income and are heavily dependent on the stock market. California got nearly $11 billion from capital gains taxes in 2007, only to see it drop to $4.6 billion in 2008 and $2.3 billion in 2009 during the Great Recession.\u003c/p>\n\u003cp>This budget year, state officials expect to get $15.2 billion from capital gains taxes, the largest amount ever. And that's without adding in the expected jackpot from the major IPOs.\u003c/p>\n\u003cp>Companies, including ride-service startup Lyft and social media website Pinterest, already have gone public, but it could be months before the state starts seeing the tax revenue from them. Uber, corporate chat room provider Slack, home rental site Airbnb and data software company Palantir are poised to go public later this year.\u003c/p>\n\u003cp>Of those, Uber is the behemoth. Experts predict the company could be valued as much as $91 billion, a decline from initial estimates but still near Facebook's $100 billion initial public offering in 2012 that netted California $1.3 billion in tax revenue.\u003c/p>\n\u003cp>Predicting how much money California will get from these IPOs is difficult. Facebook's 2012 IPO was unusual in that most of the state's tax gains came from one person: CEO and founder Mark Zuckerberg, whose wealth state officials could easily guess based on the company's regulatory filings.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>This year, more companies going public involving more investors makes it harder to forecast.\u003c/p>\n\n",
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"excerpt": "Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires and a welcome quandary for the state's budget writers.\r\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires and a welcome quandary for the state's budget writers.\u003c/p>\n\u003cp>Though it's tough to gauge the total tax revenue all those profits will produce, it's not a stretch to estimate California will add $1 billion or more after the initial public offerings, or IPOs, are made.\u003c/p>\n\u003cp>\"I've never experienced anything like this,\" said Daniel Morgan, senior portfolio manager for the investment firm Synovus Trust. \"It's definitely going to be a big lottery for everyone. Not only tech owners, but I think the state of California.\"\u003c/p>\n\u003cp>It's an enticing opportunity for lawmakers to fund chosen causes — a temptation legislative leaders are trying to resist. Lawmakers can't count on the money being there every year, and Assembly Budget Chairman Phil Ting said they are intent on learning from their past mistakes.\u003c/p>\n\u003cp>\"My sense of it is we will have to be very careful,\" said Ting, a Democrat from San Francisco. \"Our overall budget is $200 billion. So even if there was a $1 billion or $2 billion windfall, let's say, it doesn't make or break the budget — unless we spend it in the wrong way.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>In the late 1990s and early 2000s, that's what happened. Lawmakers were quick to expand state spending amid a booming tech economy and the corporate IPOs that went with it, only to see those gains vanish when the bubble burst and ushered in a recession and a $14 billion budget gap.\u003c/p>\n\u003cp>\"From a state budget perspective, major IPOs are a bit like rainbows. They are lovely to watch but they don't last for very long,\" said H.D. Palmer, deputy director for external affairs at the California Department of Finance, which manages Gov. Gavin Newsom's budget plans.\u003c/p>\n\u003cp>It could be difficult for lawmakers to keep their hands off any extra money because, this year, California has so much of it.\u003c/p>\n\u003cp>The state has a projected $21 billion surplus in the first year of Newsom's administration, and that's without factoring in money from the IPO wave. Former Gov. Jerry Brown began his administration with a deficit, and he frequently clashed with fellow Democrats who wanted to spend more while he wanted to save it.\u003c/p>\n\u003cp>As he left office, with the California economy humming, Brown warned that Newsom might have a tough time convincing the Legislature not to drastically increase spending.\u003c/p>\n\u003cp>Newsom did propose new recurring spending, including proposals to improve drinking water in rural areas and to bolster the state's 911 emergency call system. But he proposed new taxes to pay for them instead of relying on the state surplus.\u003c/p>\n\u003cp>Newsom's budget proposal will be revised next month based on revenue collections. Ting said it likely will not include revenue from the IPOs.\u003c/p>\n\u003cp>David Wolfe is skeptical. The legislative director of the Howard Jarvis Taxpayers Association noted California has historically had trouble saving money during the good years.\u003c/p>\n\u003cp>\"You see these surpluses out there and it's deja vu all over again,\" said Wolfe, whose organization favors limited taxation. \"Are we going to spend this money on one-time programs? Given California's history, I think the likelihood of that is doubtful.\"\u003c/p>\n\u003cp>IPO windfalls are unusual in the world of state budgets, but they have become common in California, a state with nearly 40 million people that boasts the fifth-largest economy in the world. The state budget relies heavily on the wealthiest earners; in 2017, the top 1% were responsible for more than 47% of the state's income tax collections.\u003c/p>\n\u003cp>Most of that comes in capital gains, which in California are taxed the same as income and are heavily dependent on the stock market. California got nearly $11 billion from capital gains taxes in 2007, only to see it drop to $4.6 billion in 2008 and $2.3 billion in 2009 during the Great Recession.\u003c/p>\n\u003cp>This budget year, state officials expect to get $15.2 billion from capital gains taxes, the largest amount ever. And that's without adding in the expected jackpot from the major IPOs.\u003c/p>\n\u003cp>Companies, including ride-service startup Lyft and social media website Pinterest, already have gone public, but it could be months before the state starts seeing the tax revenue from them. Uber, corporate chat room provider Slack, home rental site Airbnb and data software company Palantir are poised to go public later this year.\u003c/p>\n\u003cp>Of those, Uber is the behemoth. Experts predict the company could be valued as much as $91 billion, a decline from initial estimates but still near Facebook's $100 billion initial public offering in 2012 that netted California $1.3 billion in tax revenue.\u003c/p>\n\u003cp>Predicting how much money California will get from these IPOs is difficult. Facebook's 2012 IPO was unusual in that most of the state's tax gains came from one person: CEO and founder Mark Zuckerberg, whose wealth state officials could easily guess based on the company's regulatory filings.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>This year, more companies going public involving more investors makes it harder to forecast.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Uber and Lyft Urged to Take Action on Rider Safety After South Carolina Student Murder",
"title": "Uber and Lyft Urged to Take Action on Rider Safety After South Carolina Student Murder",
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"content": "\u003cp>Whenever Rachel Orden calls for an Uber, the 20-year-old Michigan State University sophomore immediately walks to the back of the vehicle to check the license plate number, then opens the door and waits for the driver to say her name before getting in.\u003c/p>\n\u003cp>Even then, she devises a backup plan in case she feels uncomfortable.\u003c/p>\n\u003cp>\"How could I get out? Could I unlock the door? Who do I have on speed dial? Could I jump out safely if I needed to? All that goes through my mind,\" said Orden, of Naples, Florida, who uses the ride-hailing service about once a week, usually when going out at night.\u003c/p>\n\u003cp>She said the March 29 slaying of University of South Carolina student Samantha Josephson, who mistakenly got into a vehicle she thought was her Uber ride, has made her even more cautious.\u003c/p>\n\u003cp>It also has prompted law enforcement agencies and ride-hailing companies to intensify efforts to warn passengers against getting in without checking to ensure both the vehicle and driver are legitimate.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Although no official tallies exist, there have been several high-profile cases involving would-be robbers and assailants posing as ride-hailing drivers — often at bars.\u003c/p>\n\u003cp>Police in South Carolina have not said if that was what the driver did in Josephson's case.\u003c/p>\n\u003cp>\"You do have individuals who are predatory and roving around looking for potential victims,\" said Chicago Police Department spokesman Anthony Guglielmi, adding that fraudulent drivers are drawn to bars because people might be drunk and not paying attention.\u003c/p>\n\u003cp>A Chicago-area man was charged with raping four women he picked up at bars after posing as an Uber driver in 2017. He picked up a fifth woman in a taxi, authorities said. Musaab Afundi has pleaded not guilty to sexual assault and his case is ongoing, CBS2 Chicago reported.\u003c/p>\n\u003cp>In South Carolina, Josephson, 21, had ordered an Uber around 1:30 a.m. after reportedly becoming separated from friends following an evening out at Columbia bars.\u003c/p>\n\u003cp>She mistakenly got into a car driven by 24-year-old Nathaniel David Rowland, according to authorities, who allege he used the childproof locks in his car to imprison Josephson before killing her and dumping her body about 65 miles (105 kilometers) from Columbia.\u003c/p>\n\u003cp>Her funeral was held Saturday in New Jersey, where she grew up.\u003c/p>\n\u003cp>Rowland is charged with kidnapping and murder.\u003c/p>\n\u003cp>Then on Wednesday, a 34-year-old man was arrested on suspicion of raping a woman who got into his car after leaving a Seattle bar on Dec. 16. The King County Sheriff's Office said the man led her to believe he was her driver before pulling the car over and raping her.\u003c/p>\n\u003cp>A judge found probable cause to hold the man on investigation of third-degree rape.\u003c/p>\n\u003cp>And a man from Stamford, Connecticut, was charged last month with raping and kidnapping two women whom he'd picked up at bars in December, the Greenwich Time reported.\u003c/p>\n\u003cp>\"There is no more dangerous place to be than in a locked car traveling with a stranger,\" said Bryant Greening, a Chicago attorney who specializes in representing ride-hailing drivers and passengers.\u003c/p>\n\u003cp>\"You have to be aware of your surroundings and think how you would react if the situation turns sour ... you have to listen to your instincts.\"\u003c/p>\n\u003cp>It's not just women who are at risk from fake ride-hailing drivers, he said. Men also have been robbed after getting into the wrong car. \"There is no discrimination by predators,\" he said.\u003c/p>\n\u003cp>Greening urged Uber and Lyft to do more to educate customers and to come up with technological solutions. Also, in the wake of Josephson's death, a bill has been introduced in the South Carolina legislature to require Uber and Lyft drivers to have illuminated signs.\u003c/p>\n\u003cp>Uber said in a written statement that in coming weeks it will launch a social media campaign, buy ads in college newspapers and begin sending push notifications during pickup to remind passengers about safety steps.\u003c/p>\n\u003cp>It also said it has worked since 2017 with law enforcement and colleges to \"educate the public about how to avoid fake rideshare drivers,\" including by checking a driver's photo and vehicle description against what was sent when a trip is requested.\u003c/p>\n\u003cp>Lyft said it also provides photos of the driver and information about the vehicle, and some Lyft vehicles have a display on dashboards that changes color to match the passengers' app to help them identify their ride.\u003c/p>\n\u003cp>\"We ... are always exploring new, innovative ways to improve the experience for all users, and most importantly, to keep our community safe,\" the company said.\u003c/p>\n\u003cp>Orden, the Michigan State University student, said the recent assaults have made her more nervous even though she's already cautious.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"But I feel like in a way that's a good thing,\" she said. \"Now I will take even more precautions.\"\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Whenever Rachel Orden calls for an Uber, the 20-year-old Michigan State University sophomore immediately walks to the back of the vehicle to check the license plate number, then opens the door and waits for the driver to say her name before getting in.\u003c/p>\n\u003cp>Even then, she devises a backup plan in case she feels uncomfortable.\u003c/p>\n\u003cp>\"How could I get out? Could I unlock the door? Who do I have on speed dial? Could I jump out safely if I needed to? All that goes through my mind,\" said Orden, of Naples, Florida, who uses the ride-hailing service about once a week, usually when going out at night.\u003c/p>\n\u003cp>She said the March 29 slaying of University of South Carolina student Samantha Josephson, who mistakenly got into a vehicle she thought was her Uber ride, has made her even more cautious.\u003c/p>\n\u003cp>It also has prompted law enforcement agencies and ride-hailing companies to intensify efforts to warn passengers against getting in without checking to ensure both the vehicle and driver are legitimate.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Although no official tallies exist, there have been several high-profile cases involving would-be robbers and assailants posing as ride-hailing drivers — often at bars.\u003c/p>\n\u003cp>Police in South Carolina have not said if that was what the driver did in Josephson's case.\u003c/p>\n\u003cp>\"You do have individuals who are predatory and roving around looking for potential victims,\" said Chicago Police Department spokesman Anthony Guglielmi, adding that fraudulent drivers are drawn to bars because people might be drunk and not paying attention.\u003c/p>\n\u003cp>A Chicago-area man was charged with raping four women he picked up at bars after posing as an Uber driver in 2017. He picked up a fifth woman in a taxi, authorities said. Musaab Afundi has pleaded not guilty to sexual assault and his case is ongoing, CBS2 Chicago reported.\u003c/p>\n\u003cp>In South Carolina, Josephson, 21, had ordered an Uber around 1:30 a.m. after reportedly becoming separated from friends following an evening out at Columbia bars.\u003c/p>\n\u003cp>She mistakenly got into a car driven by 24-year-old Nathaniel David Rowland, according to authorities, who allege he used the childproof locks in his car to imprison Josephson before killing her and dumping her body about 65 miles (105 kilometers) from Columbia.\u003c/p>\n\u003cp>Her funeral was held Saturday in New Jersey, where she grew up.\u003c/p>\n\u003cp>Rowland is charged with kidnapping and murder.\u003c/p>\n\u003cp>Then on Wednesday, a 34-year-old man was arrested on suspicion of raping a woman who got into his car after leaving a Seattle bar on Dec. 16. The King County Sheriff's Office said the man led her to believe he was her driver before pulling the car over and raping her.\u003c/p>\n\u003cp>A judge found probable cause to hold the man on investigation of third-degree rape.\u003c/p>\n\u003cp>And a man from Stamford, Connecticut, was charged last month with raping and kidnapping two women whom he'd picked up at bars in December, the Greenwich Time reported.\u003c/p>\n\u003cp>\"There is no more dangerous place to be than in a locked car traveling with a stranger,\" said Bryant Greening, a Chicago attorney who specializes in representing ride-hailing drivers and passengers.\u003c/p>\n\u003cp>\"You have to be aware of your surroundings and think how you would react if the situation turns sour ... you have to listen to your instincts.\"\u003c/p>\n\u003cp>It's not just women who are at risk from fake ride-hailing drivers, he said. Men also have been robbed after getting into the wrong car. \"There is no discrimination by predators,\" he said.\u003c/p>\n\u003cp>Greening urged Uber and Lyft to do more to educate customers and to come up with technological solutions. Also, in the wake of Josephson's death, a bill has been introduced in the South Carolina legislature to require Uber and Lyft drivers to have illuminated signs.\u003c/p>\n\u003cp>Uber said in a written statement that in coming weeks it will launch a social media campaign, buy ads in college newspapers and begin sending push notifications during pickup to remind passengers about safety steps.\u003c/p>\n\u003cp>It also said it has worked since 2017 with law enforcement and colleges to \"educate the public about how to avoid fake rideshare drivers,\" including by checking a driver's photo and vehicle description against what was sent when a trip is requested.\u003c/p>\n\u003cp>Lyft said it also provides photos of the driver and information about the vehicle, and some Lyft vehicles have a display on dashboards that changes color to match the passengers' app to help them identify their ride.\u003c/p>\n\u003cp>\"We ... are always exploring new, innovative ways to improve the experience for all users, and most importantly, to keep our community safe,\" the company said.\u003c/p>\n\u003cp>Orden, the Michigan State University student, said the recent assaults have made her more nervous even though she's already cautious.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"But I feel like in a way that's a good thing,\" she said. \"Now I will take even more precautions.\"\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Lyft and Uber Drivers in S.F., L.A. Take to Streets in Push for Higher Wages",
"title": "Lyft and Uber Drivers in S.F., L.A. Take to Streets in Push for Higher Wages",
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"content": "\u003cp>Protesting pay cuts, a small group of Lyft drivers and their supporters demonstrated on Monday in front of the Omni Hotel in downtown San Francisco, where executives of the ride-hailing company were reportedly courting investors in the run-up to their initial public offering.\u003c/p>\n\u003cp>\"San Francisco's about to get a bunch more millionaires, while the drivers who are out there making these executives rich are getting their wages cut,\" said Rebecca Stack-Martinez, a Lyft and Uber driver and organizer with \u003ca href=\"https://www.gigworkersrising.org/\">Gig Workers Rising\u003c/a>.\u003c/p>\n\u003cp>Drivers of both Lyft and Uber, which are soon expected to become publicly traded companies, say their compensation has steadily declined as both ride-hailing giants take an increasingly large chunk of profits form each ride. With Lyft expected to go public as early as this week, drivers say they're particularly concerned that the company will cut wages even further, amid pressure from investors to increase revenue.\u003c/p>\n\u003cp>A growing number of drivers complain that they're having an increasingly hard time making a living behind the wheel, particularly with the high cost of gas and maintenance expenses factored in.\u003c/p>\n\u003cfigure id=\"attachment_11735422\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11735422\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/03/IMG_9990-7-800x533.jpg\" alt=\"Lyft drivers marching for higher wages in downtown San Francisco during a one-day strike on Mon., March 25.\" width=\"800\" height=\"533\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7-800x533.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7-160x107.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7-1020x680.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7-1200x800.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Lyft drivers marching for higher wages in downtown San Francisco during a one-day strike on Mon., March 25. \u003ccite>(Olivia Obineme/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Also on Monday, hundreds of ride-hailing drivers in greater Los Angeles staged a one-day strike, logging off the app and \u003ca href=\"https://www.facebook.com/RideshareDriversUnite/videos/569944550151690/\" target=\"_blank\" rel=\"noopener\">picketing outside\u003c/a> of Uber's suburban L.A. office.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Organized by \u003ca href=\"http://ridesharedriversunited.com/\" target=\"_blank\" rel=\"noopener\">Rideshare Drivers United\u003c/a>, the strike was prompted by Uber's announcement last week that it was cutting drivers' per mile pay from 80 cents to 60 cents in Los Angeles County and parts of Orange County. The group is pressuring ride-hailing companies to increase driver pay while capping their commission at 10 percent. The group also wants to organize drivers without fear of retaliation and negotiate on their behalf.\u003c/p>\n\u003cp>Drivers for both companies are considered independent contractors, which makes them effectively self-employed. As such, they're ineligible for workers compensation and not subject to minimum wage requirements. They're also not part of any formal labor union.\u003c/p>\n\u003cp>Lyft, which has tried to paint itself as a more worker-friendly alternative to Uber, said that its drivers get the benefit of complete flexibility.\u003c/p>\n\u003cp>\"The vast majority of drivers use Lyft as a temporary source of extra money,\" Lyft said in a statement. \"In fact, 91 percent drive fewer than 20 hours a week and many use Lyft as a supplemental option in addition to full-time work. We are always open to conversations around how we can make Lyft better for drivers, but what we hear from the majority is that this is a flexible option that works for them.”\u003c/p>\n\u003cfigure id=\"attachment_11735428\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"wp-image-11735428 size-medium\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/03/IMG_0019-18-800x533.jpg\" alt=\"Valentina Tulau, a mother of five, started driving for Lyft in 2016, and said she started working for the rideshare company because of the 'flexibility' the work provided her to make time for her children. "They call us their 'driver partners' but are we really? I don’t think so," she said. "We are not in their meetings discussing pay."\" width=\"800\" height=\"533\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18-800x533.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18-160x107.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18-1020x680.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18-1200x800.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Valentina Tulau, a mother of five, started driving for Lyft in 2016 because of the \"flexibility\" it gave her to care for her children. \"They call us their 'driver partners.' But are we really? I don’t think so,\" she said. \u003ccite>(Olivia Obineme/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>But protestors at Monday's rally in San Francisco say the company is grossly underestimating the number of drivers who are relying on these gigs as their primary income.\u003c/p>\n\u003cp>\"Lyft is in our town and we’re here in solidarity,\" said Kung Feng, head of Jobs with Justice San Francisco, which helped organize Monday's rally in San Francisco. \"They have to pay their fair share.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>KCRW's Saul Gonzalez contributed to this report.\u003c/em>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Protesting pay cuts, a small group of Lyft drivers and their supporters demonstrated on Monday in front of the Omni Hotel in downtown San Francisco, where executives of the ride-hailing company were reportedly courting investors in the run-up to their initial public offering.\u003c/p>\n\u003cp>\"San Francisco's about to get a bunch more millionaires, while the drivers who are out there making these executives rich are getting their wages cut,\" said Rebecca Stack-Martinez, a Lyft and Uber driver and organizer with \u003ca href=\"https://www.gigworkersrising.org/\">Gig Workers Rising\u003c/a>.\u003c/p>\n\u003cp>Drivers of both Lyft and Uber, which are soon expected to become publicly traded companies, say their compensation has steadily declined as both ride-hailing giants take an increasingly large chunk of profits form each ride. With Lyft expected to go public as early as this week, drivers say they're particularly concerned that the company will cut wages even further, amid pressure from investors to increase revenue.\u003c/p>\n\u003cp>A growing number of drivers complain that they're having an increasingly hard time making a living behind the wheel, particularly with the high cost of gas and maintenance expenses factored in.\u003c/p>\n\u003cfigure id=\"attachment_11735422\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11735422\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/03/IMG_9990-7-800x533.jpg\" alt=\"Lyft drivers marching for higher wages in downtown San Francisco during a one-day strike on Mon., March 25.\" width=\"800\" height=\"533\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7-800x533.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7-160x107.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7-1020x680.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7-1200x800.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_9990-7.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Lyft drivers marching for higher wages in downtown San Francisco during a one-day strike on Mon., March 25. \u003ccite>(Olivia Obineme/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Also on Monday, hundreds of ride-hailing drivers in greater Los Angeles staged a one-day strike, logging off the app and \u003ca href=\"https://www.facebook.com/RideshareDriversUnite/videos/569944550151690/\" target=\"_blank\" rel=\"noopener\">picketing outside\u003c/a> of Uber's suburban L.A. office.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Organized by \u003ca href=\"http://ridesharedriversunited.com/\" target=\"_blank\" rel=\"noopener\">Rideshare Drivers United\u003c/a>, the strike was prompted by Uber's announcement last week that it was cutting drivers' per mile pay from 80 cents to 60 cents in Los Angeles County and parts of Orange County. The group is pressuring ride-hailing companies to increase driver pay while capping their commission at 10 percent. The group also wants to organize drivers without fear of retaliation and negotiate on their behalf.\u003c/p>\n\u003cp>Drivers for both companies are considered independent contractors, which makes them effectively self-employed. As such, they're ineligible for workers compensation and not subject to minimum wage requirements. They're also not part of any formal labor union.\u003c/p>\n\u003cp>Lyft, which has tried to paint itself as a more worker-friendly alternative to Uber, said that its drivers get the benefit of complete flexibility.\u003c/p>\n\u003cp>\"The vast majority of drivers use Lyft as a temporary source of extra money,\" Lyft said in a statement. \"In fact, 91 percent drive fewer than 20 hours a week and many use Lyft as a supplemental option in addition to full-time work. We are always open to conversations around how we can make Lyft better for drivers, but what we hear from the majority is that this is a flexible option that works for them.”\u003c/p>\n\u003cfigure id=\"attachment_11735428\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"wp-image-11735428 size-medium\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/03/IMG_0019-18-800x533.jpg\" alt=\"Valentina Tulau, a mother of five, started driving for Lyft in 2016, and said she started working for the rideshare company because of the 'flexibility' the work provided her to make time for her children. "They call us their 'driver partners' but are we really? I don’t think so," she said. "We are not in their meetings discussing pay."\" width=\"800\" height=\"533\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18-800x533.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18-160x107.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18-1020x680.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18-1200x800.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/03/IMG_0019-18.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Valentina Tulau, a mother of five, started driving for Lyft in 2016 because of the \"flexibility\" it gave her to care for her children. \"They call us their 'driver partners.' But are we really? I don’t think so,\" she said. \u003ccite>(Olivia Obineme/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>But protestors at Monday's rally in San Francisco say the company is grossly underestimating the number of drivers who are relying on these gigs as their primary income.\u003c/p>\n\u003cp>\"Lyft is in our town and we’re here in solidarity,\" said Kung Feng, head of Jobs with Justice San Francisco, which helped organize Monday's rally in San Francisco. \"They have to pay their fair share.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>KCRW's Saul Gonzalez contributed to this report.\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Uber Not Criminally Liable in Death of Woman Hit by Self-Driving Car, Prosecutor Says",
"title": "Uber Not Criminally Liable in Death of Woman Hit by Self-Driving Car, Prosecutor Says",
"headTitle": "NPR | KQED News",
"content": "\u003cp>An Arizona prosecutor has determined that San Francisco-based Uber is not criminally liable in the death of a Tempe woman who was \u003ca href=\"https://www.kqed.org/news/11657306/police-release-video-of-fatal-crash-involving-uber-self-driving-car\" rel=\"noopener\" target=\"_blank\">struck by a self-driving test car\u003c/a> last year.\u003c/p>\n\u003cp>\"After a very thorough review of all the evidence presented, this Office has determined that there is no basis for criminal liability for the Uber corporation arising from this matter,\" the Yavapai County Attorney's Office wrote \u003ca href=\"https://assets.documentcloud.org/documents/5759641/UberCrashYavapaiRuling03052019.pdf\">in a letter\u003c/a> to the Maricopa County Attorney's Office. Tempe is in Maricopa County, but Yavapai County took the case due to a potential conflict of interest.\u003c/p>\n\u003cp>Elaine Herzberg, 49, was walking a bicycle across the road at night when she was fatally struck by a Volvo SUV outfitted with an Uber self-driving system in March 2018. The car had a human operator behind the wheel but was in computer control mode at the time of the crash. \u003c/p>\n\u003cp>[aside label=\"Self-Driving Cars\" tag=\"self-driving-cars\"]\u003c/p>\n\u003cp>In the six seconds before impact, the self-driving system classified the pedestrian as an unknown object, then as a vehicle, and then as a bicycle, \u003ca href=\"https://www.ntsb.gov/investigations/AccidentReports/Reports/HWY18MH010-prelim.pdf\">a preliminary report\u003c/a> from the National Transportation Safety Board explained. While the system identified that an emergency braking maneuver was needed to mitigate a collision, the system was set up to not activate emergency braking when under computer control. \u003c/p>\n\u003cp>Instead, the car's system relied on the human operator to intervene as needed. \"The system is not designed to alert the operator,\" the report notes. The driver swerved less than a second before the crash and did not brake until after impact.\u003c/p>\n\u003cp>The \u003cem>Arizona Republic\u003c/em> \u003ca href=\"https://www.azcentral.com/story/news/local/tempe-breaking/2018/06/21/uber-self-driving-car-crash-tempe-police-elaine-herzberg/724344002/\">has reported\u003c/a> that the driver, 44-year-old Rafaela Vasquez, was streaming the television show \u003cem>The Voice\u003c/em> in the vehicle in the minutes before the crash. \u003ca href=\"https://www.npr.org/sections/thetwo-way/2018/03/21/595941015/police-in-arizona-release-dashcam-video-of-fatal-crash-involving-self-driving-ca\">Video from a camera inside the car\u003c/a> shows Vasquez looking down immediately before the crash, glancing up at the road from time to time.\u003c/p>\n\u003cp>Vasquez could face charges of manslaughter. The prosecutor's letter recommends expert analysis of the collision video that would show what the driver \"would or should have seen that night given the vehicle's speed, lighting conditions, and other relevant factors.\"\u003c/p>\n\u003cp>Uber, which declined to comment for this story, could still be sued in civil court and be forced to pay damages. The government could also potentially pursue criminal charges against managers or employees of Uber.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Herzberg's family \u003ca href=\"https://www.npr.org/sections/thetwo-way/2018/03/29/597850303/uber-reaches-settlement-with-family-of-arizona-woman-killed-by-driverless-car\">reached a settlement\u003c/a> with the company shortly after the crash. Her husband and daughter have also sued the city of Tempe, alleging that a brick pathway that crosses the landscaping was designed for people to cross at the accident site, the \u003cem>Republic\u003c/em> \u003ca href=\"https://www.azcentral.com/story/news/local/tempe/2019/03/05/no-criminal-charges-uber-fatal-tempe-crash-tempe-police-further-investigate-driver/3071369002/\">reports\u003c/a>. The city has since torn out the pathway.\u003c/p>\n\u003cp>Bryant Walker Smith, a University of South Carolina law professor whose research focuses on automated driving systems, suggests not reading too much into the prosecutor's letter.\u003c/p>\n\u003cp>\"It's not necessarily exculpatory — it doesn't exonerate Uber or put the company's conduct then or now beyond criticism,\" he writes in an email to NPR. \"And I'm not sure it tells us much about the criminal, much less civil, liability of automated driving developers in future incidents.\"\u003c/p>\n\u003cp>Smith says he hopes the NTSB's final report on the crash will illuminate more about the crash. \"And I would still like to see Uber publicly apologize and explain what specifically went wrong,\" he says. \"Companies should earn our trust in part by being candid about their failures as well as their successes.\" \u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2019 NPR. To see more, visit https://www.npr.org.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Uber+Not+Criminally+Liable+In+Death+Of+Woman+Hit+By+Self-Driving+Car%2C+Prosecutor+Says&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>An Arizona prosecutor has determined that San Francisco-based Uber is not criminally liable in the death of a Tempe woman who was \u003ca href=\"https://www.kqed.org/news/11657306/police-release-video-of-fatal-crash-involving-uber-self-driving-car\" rel=\"noopener\" target=\"_blank\">struck by a self-driving test car\u003c/a> last year.\u003c/p>\n\u003cp>\"After a very thorough review of all the evidence presented, this Office has determined that there is no basis for criminal liability for the Uber corporation arising from this matter,\" the Yavapai County Attorney's Office wrote \u003ca href=\"https://assets.documentcloud.org/documents/5759641/UberCrashYavapaiRuling03052019.pdf\">in a letter\u003c/a> to the Maricopa County Attorney's Office. Tempe is in Maricopa County, but Yavapai County took the case due to a potential conflict of interest.\u003c/p>\n\u003cp>Elaine Herzberg, 49, was walking a bicycle across the road at night when she was fatally struck by a Volvo SUV outfitted with an Uber self-driving system in March 2018. The car had a human operator behind the wheel but was in computer control mode at the time of the crash. \u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>In the six seconds before impact, the self-driving system classified the pedestrian as an unknown object, then as a vehicle, and then as a bicycle, \u003ca href=\"https://www.ntsb.gov/investigations/AccidentReports/Reports/HWY18MH010-prelim.pdf\">a preliminary report\u003c/a> from the National Transportation Safety Board explained. While the system identified that an emergency braking maneuver was needed to mitigate a collision, the system was set up to not activate emergency braking when under computer control. \u003c/p>\n\u003cp>Instead, the car's system relied on the human operator to intervene as needed. \"The system is not designed to alert the operator,\" the report notes. The driver swerved less than a second before the crash and did not brake until after impact.\u003c/p>\n\u003cp>The \u003cem>Arizona Republic\u003c/em> \u003ca href=\"https://www.azcentral.com/story/news/local/tempe-breaking/2018/06/21/uber-self-driving-car-crash-tempe-police-elaine-herzberg/724344002/\">has reported\u003c/a> that the driver, 44-year-old Rafaela Vasquez, was streaming the television show \u003cem>The Voice\u003c/em> in the vehicle in the minutes before the crash. \u003ca href=\"https://www.npr.org/sections/thetwo-way/2018/03/21/595941015/police-in-arizona-release-dashcam-video-of-fatal-crash-involving-self-driving-ca\">Video from a camera inside the car\u003c/a> shows Vasquez looking down immediately before the crash, glancing up at the road from time to time.\u003c/p>\n\u003cp>Vasquez could face charges of manslaughter. The prosecutor's letter recommends expert analysis of the collision video that would show what the driver \"would or should have seen that night given the vehicle's speed, lighting conditions, and other relevant factors.\"\u003c/p>\n\u003cp>Uber, which declined to comment for this story, could still be sued in civil court and be forced to pay damages. The government could also potentially pursue criminal charges against managers or employees of Uber.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Herzberg's family \u003ca href=\"https://www.npr.org/sections/thetwo-way/2018/03/29/597850303/uber-reaches-settlement-with-family-of-arizona-woman-killed-by-driverless-car\">reached a settlement\u003c/a> with the company shortly after the crash. Her husband and daughter have also sued the city of Tempe, alleging that a brick pathway that crosses the landscaping was designed for people to cross at the accident site, the \u003cem>Republic\u003c/em> \u003ca href=\"https://www.azcentral.com/story/news/local/tempe/2019/03/05/no-criminal-charges-uber-fatal-tempe-crash-tempe-police-further-investigate-driver/3071369002/\">reports\u003c/a>. The city has since torn out the pathway.\u003c/p>\n\u003cp>Bryant Walker Smith, a University of South Carolina law professor whose research focuses on automated driving systems, suggests not reading too much into the prosecutor's letter.\u003c/p>\n\u003cp>\"It's not necessarily exculpatory — it doesn't exonerate Uber or put the company's conduct then or now beyond criticism,\" he writes in an email to NPR. \"And I'm not sure it tells us much about the criminal, much less civil, liability of automated driving developers in future incidents.\"\u003c/p>\n\u003cp>Smith says he hopes the NTSB's final report on the crash will illuminate more about the crash. \"And I would still like to see Uber publicly apologize and explain what specifically went wrong,\" he says. \"Companies should earn our trust in part by being candid about their failures as well as their successes.\" \u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2019 NPR. To see more, visit https://www.npr.org.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Uber+Not+Criminally+Liable+In+Death+Of+Woman+Hit+By+Self-Driving+Car%2C+Prosecutor+Says&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"disqusTitle": "5 Reasons Why Self-Driving Cars Aren't Coming Anytime Soon",
"title": "5 Reasons Why Self-Driving Cars Aren't Coming Anytime Soon",
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"content": "\u003cp>In the world of autonomous vehicles, Pittsburgh and Silicon Valley are bustling hubs of development and testing. But ask those involved in self-driving vehicles when we might actually see them carrying passengers in every city, and you'll get an almost universal answer: Not anytime soon.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11723058/will-self-driving-cars-put-us-in-transportation-heaven-or-hell\">Will Self-Driving Cars Put Us in Transportation Heaven or Hell?\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11723058/will-self-driving-cars-put-us-in-transportation-heaven-or-hell\">\u003cimg class=\"\" src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2019/02/RS8358_152766339-1020x711.jpg\" alt=\"\" width=\"389\" height=\"271\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>An optimistic assessment is 10 years. Many others say decades as researchers try to conquer a number of obstacles. The vehicles themselves will debut in limited, well-mapped areas within cities and spread outward.\u003c/p>\n\u003cp>The \u003ca href=\"https://www.kqed.org/news/11657306/police-release-video-of-fatal-crash-involving-uber-self-driving-car\">fatal crash in Arizona\u003c/a> involving an Uber autonomous vehicle in March slowed progress, largely because it hurt the public's perception of the safety of vehicles.\u003c/p>\n\u003cp>Companies slowed research to be more careful. Google's Waymo, for instance, decided not to launch a fully autonomous ride-hailing service in the Phoenix area and will rely on human backup drivers to ferry passengers, at least for now.\u003c/p>\n\u003cp>Here are the problems that researchers must overcome to start giving rides without humans behind the wheel:\u003c/p>\n\u003ch3>Snow and Weather\u003c/h3>\n\u003cp>When it's heavy enough to cover the pavement, snow blocks the view of lane lines that vehicle cameras use to find their way. Researchers so far haven't figured out a way around this. That's why much of the testing is done in warm-weather climates such as Arizona and California.\u003c/p>\n\u003cp>Heavy snow, rain, fog and sandstorms can obstruct the view of cameras. Light beams sent out by laser sensors can bounce off snowflakes and think they are obstacles. Radar can see through the weather, but it doesn't show the shape of an object needed for computers to figure out what it is.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/science/1933667/should-self-driving-cars-have-ethics\">Should Self-Driving Cars Have Ethics?\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/science/1933667/should-self-driving-cars-have-ethics\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/35/2018/10/gettyimages-843272498-80183887af24176749966ee5ee5cd0e22bf46cf5-1180x885.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>\"It's like losing part of your vision,\" says Raj Rajkumar, an electrical and computer engineering professor at Carnegie Mellon University.\u003cbr>\nResearchers are working on laser sensors that use a different light beam wavelength to see through snowflakes, said Greg McGuire, director of the MCity autonomous vehicle testing lab at the University of Michigan. Software also is being developed so vehicles can differentiate between real obstacles and snowflakes, rain, fog, and other conditions.\u003c/p>\n\u003cp>But many companies are still trying to master the difficult task of driving on a clear day with steady traction.\u003c/p>\n\u003cp>\"Once we are able to have a system reliably perform in those, then we'll start working toward expanding to those more challenging conditions,\" said Noah Zych, Uber's head of system safety for self-driving cars.\u003cbr>\n[ad fullwidth]\u003c/p>\n\u003ch3>Pavement Lines and Curbs\u003c/h3>\n\u003cp>Across the globe, roadway marking lines are different, or they may not even exist. Lane lines aren't standardized, so vehicles have to learn how to drive differently in each city. Sometimes there aren't any curbs to help vehicles judge lane width.\u003c/p>\n\u003cp>For instance, in Pittsburgh's industrial \"Strip District,\" where many self-driving vehicles are tested, the city draws lines across the narrow lanes to mark where vehicles should stop for stop signs. Sometimes the lines are so far back and buildings are so close to the street that autonomous cars can't see traffic on the cross street if they stop at the line. One workaround is to program vehicles to stop for the line and creep forward.\u003c/p>\n\u003cp>\"Is it better to do a double stop?\" asked Pete Rander, president of Argo AI, an autonomous vehicle company in which Ford has invested heavily. \"Since intersections vary, it's not that easy.\"\u003c/p>\n\u003ch3>Dealing With Human Drivers\u003c/h3>\n\u003cp>For many years, autonomous vehicles will have to deal with humans who don't always play by the rules. They double-park or walk in front of cars. Recently in Pittsburgh, an Argo backup driver had to take over when his car stopped during a right turn, blocking an intersection when it couldn't immediately decide whether to go around a double-parked delivery truck.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11668523/distracted-autopilot\">Mark Fiore: Distracted Autopilot\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11668523/distracted-autopilot\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2018/05/distracted_051518_final-1180x753.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>\"Even if the car might eventually figure something out, it's shared space, and it's socially unacceptable\" to block traffic, Rander said.\u003c/p>\n\u003cp>Humans also make eye contact with other drivers to make sure they're looking in the right direction, something still being developed for autonomous vehicles.\u003c/p>\n\u003cp>Add to that the antagonism that some feel toward robots. People have reportedly been harassing Waymo's autonomous test vehicles near Phoenix. The Arizona Republic reported in December that police is suburban Chandler have documented at least 21 cases in the past two years, including a man waiving a gun at a Waymo van and people who slashed tires and threw rocks. One Jeep forced the vans off the road six times.\u003c/p>\n\u003ch3>Left Turns\u003c/h3>\n\u003cp>Deciding when to turn left in front of oncoming traffic without a green arrow is one of the more difficult tasks for human drivers and one that causes many crashes. Autonomous vehicles have the same trouble.\u003c/p>\n\u003caside class=\"pullquote alignright\">'I think the things that humans have challenges with, we're challenged with as well.'\u003ccite>Waymo CEO John Krafcik\u003c/cite>\u003c/aside>\n\u003cp>Waymo CEO John Krafcik said in a recent interview that his company's vehicles are still encountering occasional problems at intersections.\u003c/p>\n\u003cp>\"I think the things that humans have challenges with, we're challenged with as well,\" he said. \"So sometimes unprotected lefts are super challenging for a human, sometimes they're super challenging for us.\"\u003c/p>\n\u003ch3>Consumer Acceptance\u003c/h3>\n\u003cp>The fatal Uber crash near Phoenix last year did more than push the pause button on testing. It also rattled consumers who someday will be asked to ride in self-driving vehicles.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11658245/arizona-suspends-ubers-self-driving-vehicle-testing-after-fatal-crash\">Uber Won't Seek California Permit Renewal to Test Self-Driving Vehicles After Fatal Crash\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11658245/arizona-suspends-ubers-self-driving-vehicle-testing-after-fatal-crash\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2018/03/ntsb-uber-ff64f5bdd733572617aece2b246b2f335d0c9033-1180x885.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>Surveys taken after the Uber crash showed that drivers are reluctant to give up control to a computer. One by AAA found that 73 percent of American drivers would be too fearful to ride in a fully self-driving vehicle. That's up from 63 percent in late 2017.\u003c/p>\n\u003cp>Autonomous vehicle companies are showing test passengers information on screens about where the vehicles are headed and what its sensors are seeing. The more people ride, the more they trust the vehicles, says Waymo's Krafcik.\u003c/p>\n\u003cp>\"After they become more and more confident they rarely look at the screens, and they're on their phones or relaxing or sleeping,\" he said.\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>In the world of autonomous vehicles, Pittsburgh and Silicon Valley are bustling hubs of development and testing. But ask those involved in self-driving vehicles when we might actually see them carrying passengers in every city, and you'll get an almost universal answer: Not anytime soon.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11723058/will-self-driving-cars-put-us-in-transportation-heaven-or-hell\">Will Self-Driving Cars Put Us in Transportation Heaven or Hell?\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11723058/will-self-driving-cars-put-us-in-transportation-heaven-or-hell\">\u003cimg class=\"\" src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2019/02/RS8358_152766339-1020x711.jpg\" alt=\"\" width=\"389\" height=\"271\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>An optimistic assessment is 10 years. Many others say decades as researchers try to conquer a number of obstacles. The vehicles themselves will debut in limited, well-mapped areas within cities and spread outward.\u003c/p>\n\u003cp>The \u003ca href=\"https://www.kqed.org/news/11657306/police-release-video-of-fatal-crash-involving-uber-self-driving-car\">fatal crash in Arizona\u003c/a> involving an Uber autonomous vehicle in March slowed progress, largely because it hurt the public's perception of the safety of vehicles.\u003c/p>\n\u003cp>Companies slowed research to be more careful. Google's Waymo, for instance, decided not to launch a fully autonomous ride-hailing service in the Phoenix area and will rely on human backup drivers to ferry passengers, at least for now.\u003c/p>\n\u003cp>Here are the problems that researchers must overcome to start giving rides without humans behind the wheel:\u003c/p>\n\u003ch3>Snow and Weather\u003c/h3>\n\u003cp>When it's heavy enough to cover the pavement, snow blocks the view of lane lines that vehicle cameras use to find their way. Researchers so far haven't figured out a way around this. That's why much of the testing is done in warm-weather climates such as Arizona and California.\u003c/p>\n\u003cp>Heavy snow, rain, fog and sandstorms can obstruct the view of cameras. Light beams sent out by laser sensors can bounce off snowflakes and think they are obstacles. Radar can see through the weather, but it doesn't show the shape of an object needed for computers to figure out what it is.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/science/1933667/should-self-driving-cars-have-ethics\">Should Self-Driving Cars Have Ethics?\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/science/1933667/should-self-driving-cars-have-ethics\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/35/2018/10/gettyimages-843272498-80183887af24176749966ee5ee5cd0e22bf46cf5-1180x885.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>\"It's like losing part of your vision,\" says Raj Rajkumar, an electrical and computer engineering professor at Carnegie Mellon University.\u003cbr>\nResearchers are working on laser sensors that use a different light beam wavelength to see through snowflakes, said Greg McGuire, director of the MCity autonomous vehicle testing lab at the University of Michigan. Software also is being developed so vehicles can differentiate between real obstacles and snowflakes, rain, fog, and other conditions.\u003c/p>\n\u003cp>But many companies are still trying to master the difficult task of driving on a clear day with steady traction.\u003c/p>\n\u003cp>\"Once we are able to have a system reliably perform in those, then we'll start working toward expanding to those more challenging conditions,\" said Noah Zych, Uber's head of system safety for self-driving cars.\u003cbr>\n\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003ch3>Pavement Lines and Curbs\u003c/h3>\n\u003cp>Across the globe, roadway marking lines are different, or they may not even exist. Lane lines aren't standardized, so vehicles have to learn how to drive differently in each city. Sometimes there aren't any curbs to help vehicles judge lane width.\u003c/p>\n\u003cp>For instance, in Pittsburgh's industrial \"Strip District,\" where many self-driving vehicles are tested, the city draws lines across the narrow lanes to mark where vehicles should stop for stop signs. Sometimes the lines are so far back and buildings are so close to the street that autonomous cars can't see traffic on the cross street if they stop at the line. One workaround is to program vehicles to stop for the line and creep forward.\u003c/p>\n\u003cp>\"Is it better to do a double stop?\" asked Pete Rander, president of Argo AI, an autonomous vehicle company in which Ford has invested heavily. \"Since intersections vary, it's not that easy.\"\u003c/p>\n\u003ch3>Dealing With Human Drivers\u003c/h3>\n\u003cp>For many years, autonomous vehicles will have to deal with humans who don't always play by the rules. They double-park or walk in front of cars. Recently in Pittsburgh, an Argo backup driver had to take over when his car stopped during a right turn, blocking an intersection when it couldn't immediately decide whether to go around a double-parked delivery truck.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11668523/distracted-autopilot\">Mark Fiore: Distracted Autopilot\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11668523/distracted-autopilot\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2018/05/distracted_051518_final-1180x753.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>\"Even if the car might eventually figure something out, it's shared space, and it's socially unacceptable\" to block traffic, Rander said.\u003c/p>\n\u003cp>Humans also make eye contact with other drivers to make sure they're looking in the right direction, something still being developed for autonomous vehicles.\u003c/p>\n\u003cp>Add to that the antagonism that some feel toward robots. People have reportedly been harassing Waymo's autonomous test vehicles near Phoenix. The Arizona Republic reported in December that police is suburban Chandler have documented at least 21 cases in the past two years, including a man waiving a gun at a Waymo van and people who slashed tires and threw rocks. One Jeep forced the vans off the road six times.\u003c/p>\n\u003ch3>Left Turns\u003c/h3>\n\u003cp>Deciding when to turn left in front of oncoming traffic without a green arrow is one of the more difficult tasks for human drivers and one that causes many crashes. Autonomous vehicles have the same trouble.\u003c/p>\n\u003caside class=\"pullquote alignright\">'I think the things that humans have challenges with, we're challenged with as well.'\u003ccite>Waymo CEO John Krafcik\u003c/cite>\u003c/aside>\n\u003cp>Waymo CEO John Krafcik said in a recent interview that his company's vehicles are still encountering occasional problems at intersections.\u003c/p>\n\u003cp>\"I think the things that humans have challenges with, we're challenged with as well,\" he said. \"So sometimes unprotected lefts are super challenging for a human, sometimes they're super challenging for us.\"\u003c/p>\n\u003ch3>Consumer Acceptance\u003c/h3>\n\u003cp>The fatal Uber crash near Phoenix last year did more than push the pause button on testing. It also rattled consumers who someday will be asked to ride in self-driving vehicles.\u003c/p>\n\u003caside class=\"alignright\">\n\u003ch3>\u003ca href=\"https://www.kqed.org/news/11658245/arizona-suspends-ubers-self-driving-vehicle-testing-after-fatal-crash\">Uber Won't Seek California Permit Renewal to Test Self-Driving Vehicles After Fatal Crash\u003c/a>\u003c/h3>\n\u003cfigure>\u003ca href=\"https://www.kqed.org/news/11658245/arizona-suspends-ubers-self-driving-vehicle-testing-after-fatal-crash\">\u003cimg src=\"https://ww2.kqed.org/wp-content/uploads/sites/10/2018/03/ntsb-uber-ff64f5bdd733572617aece2b246b2f335d0c9033-1180x885.jpg\" alt=\"\">\u003c/a>\u003c/figure>\n\u003c/aside>\n\u003cp>Surveys taken after the Uber crash showed that drivers are reluctant to give up control to a computer. One by AAA found that 73 percent of American drivers would be too fearful to ride in a fully self-driving vehicle. That's up from 63 percent in late 2017.\u003c/p>\n\u003cp>Autonomous vehicle companies are showing test passengers information on screens about where the vehicles are headed and what its sensors are seeing. The more people ride, the more they trust the vehicles, says Waymo's Krafcik.\u003c/p>\n\u003cp>\"After they become more and more confident they rarely look at the screens, and they're on their phones or relaxing or sleeping,\" he said.\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"info": "Our flagship program, helmed by Kai Ryssdal, examines what the day in money delivered, through stories, conversations, newsworthy numbers and more. Updated Monday through Friday at about 3:30 p.m. PT.",
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"info": "The MindShift podcast explores the innovations in education that are shaping how kids learn. Hosts Ki Sung and Katrina Schwartz introduce listeners to educators, researchers, parents and students who are developing effective ways to improve how kids learn. We cover topics like how fed-up administrators are developing surprising tactics to deal with classroom disruptions; how listening to podcasts are helping kids develop reading skills; the consequences of overparenting; and why interdisciplinary learning can engage students on all ends of the traditional achievement spectrum. This podcast is part of the MindShift education site, a division of KQED News. KQED is an NPR/PBS member station based in San Francisco. You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>",
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"info": "For decades, the process for how police police themselves has been inconsistent – if not opaque. In some states, like California, these proceedings were completely hidden. After a new police transparency law unsealed scores of internal affairs files, our reporters set out to examine these cases and the shadow world of police discipline. On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. Is it the officers, or the public they've sworn to serve?",
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"info": "Our weekly podcast explores how the media 'sausage' is made, casts an incisive eye on fluctuations in the marketplace of ideas, and examines threats to the freedom of information and expression in America and abroad. For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us",
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"tagline": "Politics from a personal perspective",
"info": "Political Breakdown is a new series that explores the political intersection of California and the nation. Each week hosts Scott Shafer and Marisa Lagos are joined with a new special guest to unpack politics -- with personality — and offer an insider’s glimpse at how politics happens.",
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"info": "Possible is hosted by entrepreneur Reid Hoffman and writer Aria Finger. Together in Possible, Hoffman and Finger lead enlightening discussions about building a brighter collective future. The show features interviews with visionary guests like Trevor Noah, Sam Altman and Janette Sadik-Khan. Possible paints an optimistic portrait of the world we can create through science, policy, business, art and our shared humanity. It asks: What if everything goes right for once? How can we get there? Each episode also includes a short fiction story generated by advanced AI GPT-4, serving as a thought-provoking springboard to speculate how humanity could leverage technology for good.",
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"radiolab": {
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"info": "A two-time Peabody Award-winner, Radiolab is an investigation told through sounds and stories, and centered around one big idea. In the Radiolab world, information sounds like music and science and culture collide. Hosted by Jad Abumrad and Robert Krulwich, the show is designed for listeners who demand skepticism, but appreciate wonder. WNYC Studios is the producer of other leading podcasts including Freakonomics Radio, Death, Sex & Money, On the Media and many more.",
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"reveal": {
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"info": "Created by The Center for Investigative Reporting and PRX, Reveal is public radios first one-hour weekly radio show and podcast dedicated to investigative reporting. Credible, fact based and without a partisan agenda, Reveal combines the power and artistry of driveway moment storytelling with data-rich reporting on critically important issues. The result is stories that inform and inspire, arming our listeners with information to right injustices, hold the powerful accountable and improve lives.Reveal is hosted by Al Letson and showcases the award-winning work of CIR and newsrooms large and small across the nation. In a radio and podcast market crowded with choices, Reveal focuses on important and often surprising stories that illuminate the world for our listeners.",
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"officialWebsiteLink": "https://www.revealnews.org/episodes/",
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},
"rightnowish": {
"id": "rightnowish",
"title": "Rightnowish",
"tagline": "Art is where you find it",
"info": "Rightnowish digs into life in the Bay Area right now… ish. Journalist Pendarvis Harshaw takes us to galleries painted on the sides of liquor stores in West Oakland. We'll dance in warehouses in the Bayview, make smoothies with kids in South Berkeley, and listen to classical music in a 1984 Cutlass Supreme in Richmond. Every week, Pen talks to movers and shakers about how the Bay Area shapes what they create, and how they shape the place we call home.",
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"science-friday": {
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