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  1. Arvind Magesan, an economics professor at the University of Calgary, said the IPO has already been tough for drivers.

    "Uber has lowered driver wages and raised prices ahead of May 9, in order to make the company more attractive to potential investors," Magesan told Al Jazeera.

    "Uber (and Lyft) will use some of the proceeds from the IPO will go towards the development of autonomous vehicles. That will ultimately displace at least some of its drivers," he added.
    https://www.aljazeera.com/news/2019/0...rldwide-uber-ipo-190508120954420.html
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