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Uber asks SEC to let it give equity to drivers

Discussion in 'News' started by BurgerTiime, Oct 11, 2018.

  1. BurgerTiime

    BurgerTiime

    Location:
    Minneapolis
    Driving:
    Lyft
  2. No !
    No G.M. stock either!
     

    Attached Files:

  3. Workforfood

    Workforfood

    Location:
    Philadelphia
    Driving:
    UberX
    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.
     
  4. 1.5xorbust

    1.5xorbust

    Location:
    San Diego
    Uber wants to give drivers ‘stock’ and have drivers work for cash tips only.
     
    tohunt4me likes this.
  5. Workforfood

    Workforfood

    Location:
    Philadelphia
    Driving:
    UberX
    If that really were true, that would be the end of Uber.
     
  6. 1.5xorbust

    1.5xorbust

    Location:
    San Diego
    Uber might be another Amazon or it might be another Theranos. I’m thinking more like Theranos.
     
    HotUberMess and ABC123DEF like this.
  7. goneubering

    goneubering

    Location:
    LA/Orange Counties
    Driving:
    UberX
    What’s the deal? Stock options instead of paying us?
     
  8. uberdriverfornow

    uberdriverfornow

    Location:
    no
    The question becomes, what is Uber up to ? What are trying to get out of this ?
     
    backstreets-trans likes this.
  9. x100

    x100

    Location:
    Los Angeles
    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.
     
  10. Disgusted Driver

    Disgusted Driver

    Location:
    Raleigh
    Driving:
    UberSELECT
    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.
     
  11. Lowestformofwit

    Lowestformofwit

    Location:
    Somewhere over the rainbow
    Driving:
    Livery
    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?
     
    tohunt4me likes this.
  12. BurgerTiime

    BurgerTiime

    Location:
    Minneapolis
    Driving:
    Lyft
    Stock will come in a form of a flying car
    [​IMG]
     
  13. Lowestformofwit

    Lowestformofwit

    Location:
    Somewhere over the rainbow
    Driving:
    Livery
    Yeah.
    Not worth the paper it’s folded from.
    Or printed on, most likely.
     
    U8er, uberdriverfornow and tohunt4me like this.
  14. To be amzn they’d have to have a viable business model and competitive edge. They have neither
     
    Lowestformofwit and Rakos like this.
  15. dauction

    dauction

    Location:
    Minnesota
    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
     
  16. What tips? Cash or in-app.

    Uber and Lyft drivers are not employees? We're independent contractors.
     
    Lowestformofwit likes this.
  17. dauction

    dauction

    Location:
    Minnesota

    Pretty COOL that without being an Employee we can get COMPANY STOCK options
     
  18. 1.5xorbust

    1.5xorbust

    Location:
    San Diego
    More often than not stock options become worthless.
     
  19. 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.
     
    Lowestformofwit likes this.
  20. 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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