Lyft moved its San Francisco roadshow assembly on the final minute due to protesting drivers (LYFT)

Lyft's founders are set to pitch West Coast traders this week as a part of the corporate's IPO roadshow.  Protesters mobbed the Omni Resort in San Francisco forward of the scheduled assembly there, whereas black automobiles circled and honked on the road.  The assembly was moved to the Olympic Membership, a couple of 15-minute stroll from the initially deliberate location.  Lyft executives and bankers headed to the West Coast this week to courtroom traders as a part of the ride-hailing firm's IPO highway present. After a packed assembly final week at New York Metropolis's opulent St. Regis Resort, founders Logan Inexperienced and John Zimmer have been as a consequence of be met with traces of picketers outdoors San Francisco's Omni Resort, within the coronary heart of the town's monetary district. Nonetheless, it isn't clear if the executives ever arrived on the unique location.  "Lyft, Lyft you are no good, deal with your drivers like you need to," protesters chanted on the sidewalks of California Road, instantly throughout from Goldman Sachs' San Francisco workplace.  "Inform me what you really need! Justice!" the call-and-response chants droned whereas hoards of black automobiles circled and honked outdoors.  See additionally: Contained in the Lyft roadshow in NYC the place traders packed the penthouse of a $1,000-a-night resort One resort doorman stated that he was getting nervous as gentle rain began to fall outdoors.  By 12 pm, it wasn't clear if the scheduled assembly would nonetheless happen. Resort employees couldn't verify when or the place the assembly was going down. Some traders who arrived on the resort may very well be seen leaving quickly after.  Finally, the assembly was moved to the Olympic Membership on Put up Road, a couple of 15-minute stroll from the unique Omni location. The unique membership would not publish membership necessities or particulars on-line, although some reviews peg the fee at upwards of $10,000 per 12 months on high of a good bigger initiation payment.  The assembly protests in San Francisco coincided with comparable actions by drivers in Los Angeles, who're putting Monday in opposition to what they are saying are constant pay cuts by Lyft's bigger ride-hailing rival. Lyft has touted its extra driver pleasant strategy for years, however because it seeks to shore up its stability sheet and compete with Uber, that fame has begun to bitter. In New York, simply the nation's largest ride-hailing market, the corporate filed a lawsuit to overturn new guidelines that set a minimal wage for all app-based drivers. The corporate maintained its beef with regulators was about how the pay was calculated — by a fancy "utilization price" — and never over the principal of paying drivers. Nonetheless, the go well with angered loads of drivers and organizing teams. After San Francisco, Lyft will head to Los Angeles and the Midwest — together with Chicago and Kansas Metropolis — forward of the providing's anticipated pricing on Thursday.  We’re gathered & prepared to begin our demonstration outdoors the Omni Resort, the place Lyft execs are assembly potential traders pre-IPO.Drivers are sleeping of their automobiles, making much less cash yearly.We deserve higher. We demand these executives pay attention. #StrikeUberLyft pic.twitter.com/XXgPJFyAk9 — Gig Staff Rising (@GigWorkersRise) March 25, 2019   SEE ALSO: Contained in the Lyft roadshow in NYC the place traders packed the penthouse of a $1,000-a-night resort Be a part of the dialog about this story »