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by joeblau
3219 days ago
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Juno was owned by the workers - They had equity in the company based on when they started. > But the icing on the cake is Juno's equity offering: 1 billion of the company's founding shares reserved just for the drivers. [1] It was all stripped away when the company was sold off to Gett because of liquidation preference because now. > But drivers were soon informed by emails from Juno that the stock plan was void. They could instead receive cash payouts amounting to less than what they could make in a day of driving. [2] [1] - https://www.theverge.com/2016/3/29/11301076/juno-uber-driver... [2] - https://www.bloomberg.com/news/articles/2017-04-28/juno-sold... |
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