Lyft's program, the details of which could be revealed in a public filing as soon as Friday, will impact a minority of its driver, who will get cash that they can either keep, or buy shares with at the IPO listing price, according to the report.
Unlike full-time employees, Lyft and Uber drivers don't qualify for equity grants as part of their compensation. However, buying stock at the IPO price will likely give these drivers access to shares at a lower price than if they bought them on their own after shares start trading.
Wow, them dumping on employees is article worthy?
Time to become an Uber driver!
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