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Uber and Lyft reportedly giving some drivers cash bonuses to use towards buying IPO stock

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chawes
756 Rider Guru
 Posted 2 years, 3 months ago

So, would you buy the IPO, or just pocket the cash? I know what I'd do...

The two programs are said to differ from company to company. Lyft (which is planning to IPO in March) has the simpler plan of the two. Drivers who have completed 10,000 rides will get $1,000, either in cash or put towards IPO-priced shares, while drivers with over 20,000 rides will get $10,000. Given that neither company has formally announced the bonus programs yet, though, it’s entirely possible for plans to change.

https://www.theverge.com/2019/2/28/18244479/uber-lyft-drivers-cash-bonus-stock-ipo-sec-rules

Comments

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    jasongraff
    16
     2 years ago

    Wow, 10k, that is pretty legit. How many drivers do you think have given over 20k rides?

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    joeyj
    423 Driver Rider
     2 years ago

    Uber is crazy if they think people are going to put these bonuses into their stock.

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      roblbrewer
       2 years ago

      Lyft stock jumped 20 % at the opening on the first day of trading. Why wouldn't someone buy the stock before the offering and sell at the open? You don't have to hold the stock for more than 1 second. It's a no-brainer.

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    cheesehead
    523 Driver Rider
     2 years ago

    Pocket the cash, of course. Do you think I'm crazy???