Sunday , April 18 2021

Urban drivers can get up to R570,000 tomorrow, while the company celebrates its Wall Street list

  • Uber drivers around the world should receive up to $ 40,000 every day as a "driver's gratitude reward" before the company's initial public offering.
  • The Olympic giant is expected to pay some $ 300 million ($ 4.4 billion) to more than 1.1 million drivers worldwide this weekend.
  • Uber drivers will receive one of six different cash prizes based on the number of trips they have completed.
  • Uber South Africa will publish an advertisement at a later date.
  • Visit Business Insider SA for more stories.

Uber drivers from around the world will receive up to $ 40,000 (R572,000) as a "driver's gratitude reward" before the initial public offer of fishing fishing.

The company announced in a securities document released on Friday that it will pay approximately 300 million (4.4 billion) to its more than 1.1 million drivers worldwide. It is expected to make payments on or around April 27.

"To recognize the drivers who took part in our success, we pay a one-time cash grant to the driver for gratitude to reward qualified drivers in jurisdictions where we operate through our own operations," Uber said in the submission.

South Africa South Africa in the statement: We have no SA announcement at this stage. (It) will be announced at a later stage. "

Read: Uber drivers earn much less to travel from tax drivers to SA – here's how they compare

In the United States, drivers will receive one of the six different cash prizes based on the number of trips they wish to finish. Drivers are able to earn $ 100 to make at least 2.5 trips, $ 500 for at least 5000 trips, $ 1,000 for at least 10,000 trips, and 20,000 for at least 20,000 trips.

The biggest prize – for 40,000 trips – is $ 40,000.

To qualify for the prize, drivers must have completed at least 2,500 trips in urban areas, including one this year of April 7 and their account must be in good standing. Payments to non-US drivers will be tailored to reflect different average occasions throughout the regions.

Uber also gives the chance to its drivers to buy shares before the public. It booked 5.4 million shares for drivers through a targeted sharing program. Drivers who qualify for the driver's gratitude reward will be able to buy those shares at the price of an IPO, which Uber expects to be between $ 44 and $ 50 per share.

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Also, from the Business Insider South Africa:

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