As Lyft goes public with a $24 billion valuation, some drivers feel left behind

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As Lyft goes public with a $24 billion valuation, some drivers feel left behind.

ahead of its IPO, the company outlined a plan for $1,000 to $10,000 bonuses for drivers who met criteria and had driven upwards of 10,000 rides or served on the company's Driver Advisory Council that could be used to by shares at an IPO price.

"Our meeting with Gov. Newsom's office is to demand that he supports and champions our Drivers' Bill of Rights that was voted on by 3,000 of our members," Keodara wrote, adding the representatives were invited before their Monday strike action. The drivers' union also want more transparency for both drivers and riders, including drivers' ability to see an their estimated fare and the trip destination before accepting a trip, and for riders to see an itemized breakdown with the company's commissions on passengers' receipts.

The Quest program is a rewards program for drivers that Uber implement on Mar. 11 with the net effect of bringing the rates back to what drivers made in September.and Lyft have been blanketing customers with promotional offers of discounts on rides for weeks or weekends almost weekly in the run up to the companies' IPOs, which has been cutting into driver pay, RDU representatives told ABC News.

 

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Clever use of others' assets using a hi tech marketing / AR/AP platform like vacation rental sites...

I don't understand the deal...is this good, ok, or just smh?

Well, how about that?

Drivers don't like it don't drive for them.not that hard to figure out.

That’s business get over it. Most big companies like Walmart, target etc don’t care about you.

Has your stock portfolio been given a Lyft?

You mean you didn't see it coming?

Capitalism in a nutshell. duh

A billion for everyone? Idk?

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