Uber drivers may be offered equity in the company if a company plan goes through.
While some of its first investors are looking to unload their stakes, Uber is hoping to give some ownership to its drivers. "Uber has met with the SEC about the possibility of giving drivers equity in the company, according to an Axios report, citing an anonymous source," Caroline Cakebread writes for Business Insider.
The transportation network company is in the midst of a campaign called "180 Days of Change," which is intended to improve its relationship with its drivers. Among other things, "Uber has begun to roll out a tipping option in certain cities, a wait time fee, and increased in injury protection," Cakebread reports.
FULL STORY: Uber is exploring a way to repair its relationship with drivers: equity in the $69 billion company
California Judge Renders Gig Worker Law Unenforceable
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Minnesota Lawmakers Reach Ride Share Compromise
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Trump Administration Could Effectively End Housing Voucher Program
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
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Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
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LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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