Crisis-hit Uber considers giving shares to drivers, report says

  • Thread starter Thread starter Chris Mills
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Chris Mills

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It's no secret that the last few months have been bad for Uber. The company has been hit by scandal after scandal, the founder, CEO and half of the management team is out, and it's locked in a massive legal fight with Google. Oh, and it's still losing hundreds of millions of dollars every month.

A new report from Axios claims that Uber has had "multiple meetings" with the SEC about giving shares in the company to drivers. There's a couple of reasons Uber would be considering such a dramatic move, but it all boils down to the same thing: Uber's getting worried.

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