Uber’s upcoming IPO: $90 billion.
Average Uber driver hourly pay: Less than $19 per hour.
Based on an updated SEC filing, the company is worth up to $90 billion. And drivers are realizing they won’t see much of it unless they’ve driven a lot for the ride-hailing company.
SEE ALSO: Uber beats Lyft with IPO payout to drivers
The official Uber IPO is expected by the second week of May and will trade on the New York Stock Exchange with the ticker symbol “UBER.” While Uber outlined a $300 million payout plan for 1.1 million Uber drivers, some of the contract workers that literally drive the company’s core service also want more transparency, better wages, and more benefits like health care and higher earning potential. Read more…
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