Uber drivers might not get health insurance or Watch Sukeban Deka: The Movie Onlineother benefits, but after the ride-hailing company filed to go public Thursday, it's paying out long-time drivers with a cash reward and an option to invest in the company.
In its filing with the U.S. Securities and Exchange Commission, Uber spells out details about a driver appreciation reward and directed share program. It's a way for drivers to get something back from the company, even though they aren't technically Uber employees.
SEE ALSO: This is not a drill: Uber finally files to go publicMore than 1.1 million drivers are eligible for a payout of $100, $500, $1,000, or $10,000 (totaling about $300 million). Drivers in good standing who have completed 2,500, 5,000, 10,000, or 20,000 lifetime trips as an Uber driver will receive the corresponding cash reward.
Drivers can also buy Uber stock at the IPO price -- a whole program is set up, with an option to use their reward money toward a stock purchase. Or not -- drivers can pocket the cash and carry on.
The reward structure is noticeably more generous than Lyft's from last month. Lyft also acknowledged loyal drivers, but only gave $1,000 to drivers with more than 10,000 rides under their belt. If you hit the ultimate feat of 20,000 or more rides, Lyft gave $10,000 -- the same payout rate as Uber. Drivers on Lyft's unique Driver Advisory Council were also rewarded up to $1,000.
Select drivers were also given the option to buy IPO stock. Lyft drivers were even at the opening event at the NASDAQ in Los Angeles. But drivers who didn't reach those benchmarks weren't offered anything.
Uber didn't disclose any information about share price so it's hard to say how far a $100 reward will get drivers who decide to invest -- but Lyft, which has a smaller driver and customer base (1.9 million drivers on the platform vs. Uber's 3.9 million) went public at $72 per share.
We'll have to wait and see what happens once Uber is officially a publicly traded company. It's expected to be valued at $100 billion. That's almost as much as the $78.2 billion drivers have earned since 2015 driving for Uber.
UPDATE: April 12, 2019, 4:32 p.m. PDT The piece was updated to include more about Lyft's reward program for more drivers.
Topics Uber
Character AI reveals AvatarFX, a new AI video generator
J.K. Rowling drops the mic on Donald Trump with 1 spell
Browns wide receiver trolls the NFL with robotic touchdown celebration
Samsung is stopping sales and exchanges of all Note7 handsets
Inside the Murky Process of Getting Games on Steam
Young mothers in Senegal use art to tell their stories of abuse and resilience
Niall Horan plots solo dates on Jingle Ball Tour alongside Justin Bieber, Ariana Grande
Niall Horan plots solo dates on Jingle Ball Tour alongside Justin Bieber, Ariana Grande
Q&A with tendercare founder and CEO Shauna Sweeney
Watch Red Sox legend Big Papi bid an emotional farewell to Fenway Park
Draper vs. Arnaldi 2025 livestream: Watch Madrid Open for free
Watch Kian Lawley, Bella Thorne as 'Shovel Buddies' in new clip from film
President Obama, I will go to Mars if all of these celebrities are going
Please help me stop compulsively checking the FiveThirtyEight election forecast
Waymo data shows humans are terrible drivers compared to AI
Climate activists shut down 5 tar sands oil pipelines
New online resource helps parents embrace and understand their LGBTQ kids
Apple and Samsung go head to head in fight that could reshape patent law
What cracked the Milky Way's giant cosmic bone? Scientists think they know.
Apple and Samsung go head to head in fight that could reshape patent law
Scientists discover ancient Greenland shark in a really strange placeWhat Ever Happened to Netscape?AMD Ryzen 5 3600 + Radeon RX 6800: Tested at 1080p, 1440p and 4KIs Ray Tracing Worth the FPS Hit? 36 Game Performance InvestigationBigger Than Godzilla: Why Are Games Using So Many Gigabytes?Save $100 on the Bose QuietComfort headphonesBigger Than Godzilla: Why Are Games Using So Many Gigabytes?NASA Mars rover snaps creepy view of the dark Martian sky3D Game Rendering 101Is the Ryzen 9800X3D Truly Faster for RealGoogle Veo 3 AI video is dangerously lifelike, and we're not ready.Got VR? Must Have VR GamesBest Garmin deal: Get $50 off the Garmin Forerunner 165 at AmazonMelania Trump welcomes you into the AI audiobook era with new memoirSave $100 on the Bose QuietComfort headphonesSpectacular Webb telescope image reveals things scientists can't explainHow 3D Game Rendering Works: AntiNYT Strands hints, answers for May 29Nintendo Switch 2 supports USB mice, tooSpectacular Webb telescope image reveals things scientists can't explain 'Girlboss': Yet another show about an entitled millennial, blerg The hottest Aussie city just had its coldest day and people really freaked out Not again. Another story about a United passenger emerges—this one with handcuffs. Fitbit's smartwatch is reportedly going through development issues These hyperrealistic handmade dogs will bend your mind Gaming journalist heroically stops attacker, but may never fully recover from slashing Now you can rant about 'Game of Thrones' with this new tweetstorm app George R.R. Martin is just tryin' to hang with the cool kids A meadow of Lego daffodils has sprouted in the center of a city and it's delightful The cast of 'Silicon Valley' is totally divided on Snapchat Want your matches to message you back? These are the emojis you need. Amazon pushes Prime Video in its fastest growing market with new partnerships 'We Read Too' app connects young readers of color with books they can relate to Reporters share their bloopers in solidarity with daydreaming newsreader Paul Walker's mom to Vin Diesel: 'You lost your other half' This startup wants to build a nano satellite fleet for the internet of things Trailblazing astronaut to star in first ultra We became scientists to help the world. Now we need to take to the streets. Court rules to shut down a mobile tower after a man alleges he got cancer from it These American tech companies are heading south to list. But why?
2.1452s , 8200.875 kb
Copyright © 2025 Powered by 【Watch Sukeban Deka: The Movie Online】,Creation Information Network