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Uber hoped to celebrate a big payday. Instead, a sinking stock and more protests

Suhauna Hussain and Johana Bhuiyan, Los Angeles Times on

Published in Business News

Edan Alva, a ride-hailing driver for five years, said he helped create a list of investors who stood to profit the most from selling Uber shares. (Gurley did not respond to requests for comment and it is unclear if Benchmark opted to sell shares Wednesday.)

Alva said the goal was to attempt to embarrass Gurley and other major investors in front of their neighbors and communities for enabling Uber to prioritize profit above the treatment of workers.

"Athletes when they cheat, we take away their prizes," Alva said. "Parents that try to get their kids into university and try to bribe the administrators, they get arrested. We shame them. The purpose of being here is to ... shame them. To change the conversation across society from perceiving them as successful."

(Times staff writer Sam Dean contributed to this report.)

 

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