Posted on: March 05, 2019 02:25 PM

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Uber and Lyft all excited for IPO

With both companies, Uber and IPO filed with security regulation to participate in Initial Public Offering (IPO), that is sell a part of the company to the public in stock market to raise money, the next plan is self driving cars expansion.

Both companies are expected to raise easy billions with their well planned public relations including the announcement of unemployment insurance to three employees filed with NYS Dept of Labor.

The IPO will make many long time employees rich in papers and does not includes its drivers.

Already Silicon Valley is gearing up with more venture capital funds to self driving technology companies to advance performance.

Many insiders predicts by 2025, taxi drivers will be out of work when automated self driving vehicles hit the roads.