Bengaluru — Ride-hailing firms Uber and Lyft plan to offer cash bonuses to some of their most-active or longest-serving drivers along with the chance to put them into shares from their long-awaited stock market launches, the Wall Street Journal reported on Thursday.
Under Lyft's plans, drivers who have completed at least 10,000 rides on the platform will get $1,000 and those who have logged 20,000 rides as much as $10,000, the paper said. Wall Street analysts have estimated Lyft could be valued at between $20bn and $30bn in the IPO, and Uber at about $120bn.
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