Discussion in 'News' started by BurgerTiime, Oct 11, 2018.
No G.M. stock either!
Unsecured junk bond debt instead of $$$!
I'm sure that the overwhelming majority of ride share drivers will never meet the requirements of the Securities act of 1933 Section D. LMAO!!!
The article refers to Airbnb owners as a comparison which is very different from us.
Uber wants to give drivers ‘stock’ and have drivers work for cash tips only.
If that really were true, that would be the end of Uber.
Uber might be another Amazon or it might be another Theranos. I’m thinking more like Theranos.
What’s the deal? Stock options instead of paying us?
The question becomes, what is Uber up to ? What are trying to get out of this ?
Isn't that used to retain the services of the employees by major corps , like you only get % of shares every year you put in.. normally 20% every year, so must stay five years for full value of it.
Oh I could see them playing the game a follows:
Instead of quests, we put .001 shares in your account for each ride you do. Stay with us for 3 years and you get to keep the stock.
Thru deactivate you after 2 years and oops, you lose the stock.
Waiting for a new post:
"I only buy Playboy for their articles, and I only drive Uber for their junk bonds".
FFS - anything to avoid paying - wonder if their liquidity projections are starting to come up short for paying drivers in cash?
Stock will come in a form of a flying car
Not worth the paper it’s folded from.
Or printed on, most likely.
To be amzn they’d have to have a viable business model and competitive edge. They have neither
Again looks like I play the contrarian.... Companies that give stock are tend to be better run ..all the way up and down the line because all employees want the Company to succeed because all have a VESTED interest in the Company.
I'd love to know that as I am working Uber I will in 3 years , 5 years be fully vested and have an extra 2k , 4k , 10k , 15k available
The Transit Industry is not one where you can keep getting raising ..Unless you are in City, State,Fed .. (City Buses like I am ) ..it's all subsidized .. but Taxis, Uber etc.. are not ..it's a cut throat business .. take whatever you canget ..including stock options
What tips? Cash or in-app.
Uber and Lyft drivers are not employees? We're independent contractors.
Pretty COOL that without being an Employee we can get COMPANY STOCK options
More often than not stock options become worthless.
That depends. I’ve receive great stock options before that paid out. More times than not, the stock options weren’t worth the paper they were written on.
Next time you need a plumber, instead of paying in cash, give him stock options. If your house appreciates in value, he’ll get paid in 3-4 years.
not really. most of the time giving management options incentivizes them to do dumb **** like buy back shares from an over priced market. it encourages short term thinking and actions at the expense of long term growth.
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