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Abstract:We asked editors of Business Insider editions across the globe to shed more light on how ride-hailing apps are faring in their respective countries.
From the ousting of co-founder Travis Kalanick and protests from traditional taxi drivers to murders in South Africa, the past few years certainly haven't been plain sailing for ride-hailing app Uber.Ahead of Uber's initial public offering, drivers from both Lyft and Uber worldwide went on strike to protest falling wages.We asked the editors of Business Insider editions across the globe to shed more light on how Uber and other ride-hailing apps are holding up in their respective countries.Visit Business Insider's homepage for more stories. After a damning blog post alleging toxic corporate culture, ultimately resulting in the resignation of co-founder Travis Kalanick, ride-hailing giant Uber had a very bumpy year in 2017 — and things haven't exactly been smooth sailing for the company since then.In addition to clashes between traditional taxi services and private apps earlier this year, this week has seen Uber drivers in New York striking over working conditions so abysmal, they've been sleeping in their cars in order to make enough money to live off. According to statistics from Business of Apps, Uber and Lyft drivers' median hourly rate can be as low as $8.55However, Uber has now made its paperwork public for the first time, pricing its initial public offering at $45 per share, according to an announcement made on Thursday evening.Pre-IPO, Uber investment levels stood at $24.7 billion, according to Business of Apps.With companies like Uber having landed in large cities all around the world, governments are now met with the challenge of whether to regulate the sector and how, as well as how to manage to the protests of taxi drivers.Reporters from international Business Insider editions around the world shared how Uber and other ride-hailing apps are faring in their respective countries, from government interventions and crimes to clashes with competitors.
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