Lyft drivers are protesting outside the San Francisco hotel where company executives are pitching investors for its $21 billion IPO

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Last week, Lyft's executives courted investors from the ritzy St. Regis hotel before heading to the West Coast.

, founders Logan Green and John Zimmer were met with lines of picketers outside San Francisco's Omni Hotel, in the heart of the city's financial district."Lyft, Lyft you're no good, treat your drivers like you should," protesters chanted on the sidewalks of California Street, directly across from Goldman Sachs' San Francisco office.

"Tell me what you really want! Justice!" the call-and-response chants droned while hoards of black cars circled and honked outside.Inside the Lyft roadshow in NYC where investors packed the penthouse of a $1,000-a-night hotelBy 12 pm, it wasn't clear if the scheduled meeting would still occur. Hotel staff could not confirm when or where the meeting was taking place.A view of the protesters from the Omni Hotel's lobby balcony.

Lyft has touted its more driver friendly approach for years, but as it seeks to shore up its balance sheet and compete with Uber, that reputation has begun to sour. In New York, easily the nation's largest ride-hailing market, the companyThe company maintained its beef with regulators was about how the pay was calculated — through a complex"utilization rate" — and not over the principal of paying drivers. Still, the suit angered plenty of drivers and organizing groups.

 

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