Startups
Uber is dishing out ‘appreciation awards’ up to $10K to let prolific drivers buy stock
As Uber gears up for its highly anticipated public debut, the company is setting aside some dough for drivers that have logged some serious rides on the platform as a reward for sticking with the service. The company follows Lyft, which also rewarded drivers with one-time cash bonuses during its public offering.
The company is setting aside a number of shares of common stock at the initial IPO price that drivers who earn this “appreciation award” will be able to purchase.
Drivers will get $100, $500, $1,000 or $10,000 for completing 2,500, 5,000, 10,000 or 20,000 lifetime trips, respectively. The caveat being that drivers will need to have also completed at least one ride in 2019 as of April 7 and be “in good standing.” We’ve reached out to Uber about what exactly that means.
Uber’s “driver appreciation awards” are pretty identical to what Lyft did for its public offering, which awarded drivers with 10,000 and 20,000 rides with $1,000 and $10,000 respectively. The key difference being Uber has some nice smaller cash bonuses for less-prolific drivers. Uber detailed that for drivers outside of the United States, the appreciation award “may be adjusted on a region-by-region basis to account for differences in average hourly earnings by region.”
-
Business6 days ago
AI chip startup DEEPX secures $80M Series C at a $529M valuation
-
Entertainment5 days ago
Jinkx Monsoon promises ‘the queerest season of ‘Doctor Who’ you’ve ever seen!’
-
Business4 days ago
StrictlyVC London welcomes Phoenix Court and WEX
-
Business6 days ago
Retell AI lets businesses build ‘voice agents’ to answer phone calls
-
Entertainment4 days ago
How to watch every ‘Law and Order’ online in 2024
-
Entertainment4 days ago
BookTok and teens: What parents need to know
-
Business4 days ago
Why Apple’s ‘Crush’ ad is so misguided
-
Entertainment5 days ago
'House of the Dragon' recap: Every death, ranked by gruesomeness