Some Lyft drivers will receive up to $10,000 in cash bonuses so they can buy shares in the company's IPO

Drivers will have had to complete their rides or have been apart of the advisory council by February 25, 2019 in order to be eligible.

Lyft will provide some of its drivers cash bonuses that they can use to purchase stock in the company's upcoming IPO, according to its Also, those who have served on the company's Driver Advisory Council — a group that provides driver feedback to Lyft employees — will receive $1,000. Typically, only high-powered company directors or investment firms are given access to purchase shares at a company's listing price, so Lyft's decision may turn out be a lucrative one for eligible drivers.

WilliamVJ5

This is a huge opportunity for these drivers. There is a big chance for them to make some extra cash and feel invested in the company. Now, the real question will be is how profitable is Lyft?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lyft says its business got a major boost from Uber's extremely scandalous 2017Lyft is arguing its sense of 'social responsibility' differentiates it from its bigger and better-funded rival, Uber. Shame on Uber from 🇵🇰 Pakistan too !! We moved our family business from Uber to Lyft because of the shtty culture at Uber
Source: BusinessInsider - 🏆 729. / 51 Read more »