When a startup like Uber or Lyft goes public, what do the drivers get?


  • TECH
  • Wednesday, 24 Jan 2018

Some states and localities are starting to tax ride-hailing services such as Uber and Lyft, a sign governments seek to overhaul their tax structures in response to a rapidly changing economy. (Mark Boster/Los Angeles Times/TNS)

SAN FRANCISCO: Edward Escobar has been driving for Uber and Lyft for nearly four years. 

That's eons in Silicon Valley time. If he were an employee at either ride-hailing company, he'd be considered a stalwart, probably with stock options fully vested. And if either company went public at their current valuations, he would have a good shot at striking it rich. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

EU's Vestager meets French tech firm Mistral AI amid competition concerns
Shein falls under tough EU online content rules as user numbers jump
Google parent Alphabet reclaims spot in $2 trillion valuation club
India's HCLTech misses Q4 revenue estimates
Chipmaker Intel falls as AI competition hurts forecast
Russia's Yandex reports Q1 revenue rise as market awaits spin-off news
Japan to levy big fines with new app rules
Inside Big Tech’s underground race to buy AI training data
Facebook scams demand stricter online rules, Japan lawmaker says
A Chinese firm is America’s favourite drone maker – except in Washington

Others Also Read