RIDEGURU
Uber and Lyft and lots of rich folks will get richer with their respective IPOs. These two companies could have shown their drivers some appreciation without spending a cent. They could have offered their drivers a crack at their IPOs, at least those with a brokerage account and some funds to invest with. As any investor knows, not just anyone can buy into an ipo. It is most often reserved for those with a lot of money to invest, as well as other criteria.
Uber and Lyft could have made exceptions for their drivers who at least had a brokerage account and some money to invest by waiving the usual requirements (don't bother to tell me it's a third party who handles the ipo. I know that, but the companies could insist), but they didn't, or at least I never got the memo. Making such an offer/opportunity would have gotten them a lot of good will with their drivers, which they sorely need right now-again, assuming they actually care.
Comments
I am sure this is happening, guys. I read about it daily.
https://ride.guru/lounge/p/lyft-to-give-some-drivers-10000-in-bonuses-or-the-option-to-buy-stock
They are saying this will happen by the end of the week.
You sure you wanna buy?
LOL
You are such a tease for this being a screenshot. I clicked on them twice until I realized they aren’t real links.
https://www.marketwatch.com/story/why-you-should-let-the-lyft-ipo-go-by-and-grab-it-when-it-comes-around-again-2019-03-25
https://www.fool.com/investing/2019/03/24/gm-should-cash-out-of-lyft-after-the-ipo.aspx
These are opinion pieces. In other words, fake news.
Media loves this type of articles because they get clicks.
There were lots of talks around this. Like how stocks were offered to top Lyft drivers and Uber is still considering it
I never looked into them but I guess they alll were just rumored fanned by the media or hopeful drivers themselves.
You hit on the nail that some people are about to get uber rich.
Are you referring to this? For those who completed like 10000 rides.
https://ride.guru/lounge/p/uber-and-lyft-reportedly-giving-some-drivers-cash-bonuses-to-use-towards-buying-ipo-stock
I’m not a driver so I don’t know. Is 10,000 a lot? How long does it take a driver to hit 10K?