Uber Drivers Strike to Protest Fare Cuts in New York City
- The ride-hailing service reduced uberX rates by 15 percent
- Company says lower prices will increase rides and earnings
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Hundreds of Uber drivers went on strike outside the company’s New York City offices Monday, chanting and holding signs with slogans like "Uber is Wal-Mart on Wheels," to protest price cuts.
Last week Uber Technologies Inc., the ride-hailing leader, reduced rates on its basic service, uberX, in New York City by 15 percent. A trip from Midtown to LaGuardia Airport is now $37.12, compared with $43.67 before.