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Uber Announces Its Own Driver Appreciation Bonuses Pre IPO

It’s official – Uber has announced it is filing for an IPO soon. What does this all mean for drivers? In some cases, it could be very good news. Senior RSG contributor Jay Cradeur shares what Uber’s IPO announcement means for drivers below.

Last month, Lyft announced their driver appreciation bonuses and if you had over 10,000 trips, you earned $1,000.  And if you did over 20,000 trips, you earned $10,000. Boy, what a difference a month makes! Now, just five weeks later, Uber is doing the same thing.

Drive with Uber 1

Or are they? Is it better or is it worse? In this article, we will break down Uber’s recent bonus announcement that should put a smile on the face of quite a few drivers.

Earn 3x driving kids to school

ZumTriple your ridesharing pay. Zūm drivers average $32/hour and many make $750+ a week. Work when you want. Get repeat rides and drive only on weekday mornings and afternoons. Apply to drive here.

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The Inner Game of Rideshare Driving

As much as rideshare driving is about the physical aspects of being a good driver, paying attention to the road, and navigating your city’s streets, a lot of driving is also mental. How can you get out of your head and be a good driver – and what does it mean if you can’t? Senior RSG contributor Jay Cradeur shares his strategies for handling the inner game of rideshare driving.

When I was a teenager, I wanted to be Rod Laver.  Tennis was my game, and Rod Laver was my hero.  I practiced every day, several hours per day, and made the tennis team at San Marin high school my sophomore year.  In order to improve, I bought a book titled “The Inner Game of Tennis” by Timothy Gallwey.  I devoured it.

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7 Worst Parts of Being an Uber Driver

For many Uber/Lyft drivers, rideshare driving is great: flexible schedules, earning money on your own time. However, sometimes rideshare driving isn’t all what it’s cracked up to be. Senior RSG contributor Jay Cradeur outlines the brutal truth behind why being a rideshare driver sometimes sucks.

I don’t know if it it was the winter slowdown, the cold weather or what. But I do know is that I woke up last week wanting to write about all the lousy things associated with being a rideshare driver. It helps to occasionally look at things in a brutally honest fashion. Crystal clarity is good. And like any job, there are positives and negatives associated with ridesharing. So let’s take off the rose-colored glasses and speak frankly about this thing many of us do to make some money.

Whether you are new to driving, have been driving for a while, or are considering being a driver, this article will lay out seven real challenges of suiting up each day, filling our tanks with gas, and hitting the road.

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Lyft Offered Me Some IPO Stock and I Bought It

What would you do if you were offered $1,000 to buy Lyft stock? That’s a question senior RSG contributor Jay Cradeur was recently faced with. Here’s what Jay ended up doing with his $1,000 from Lyft – let us know if you received any money for the Lyft IPO and what you did with it in the comments.

About a month ago, I received notice that Lyft would be giving cash bonuses to its most loyal drivers. And since I had done over 10,000 rides with Lyft, I would be getting a $1,000 cash bonus that I could then invest in Lyft’s pre-IPO shares.

This was all a part of Lyft’s public relations campaign to demonstrate their commitment to the drivers.  The intent of the bonus, besides the positive PR,  was to foster investment in Lyft’s pre-IPO (Initial Public Offering) stock. I would have the option to use the $1,000 bonus to buy stock in Lyft.  What to do?

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Los Angeles Uber Driver Pay Cuts: Why Are Drivers Striking?

Uber recently cut the per mile rate by 25% in Los Angeles and it appears that these rate cuts may have been a tipping point for many frustrated drivers. But how do these rate cuts affect drivers and could they be coming to other cities? Senior RSG contributor Jay Cradeur summarizes what’s going on and shares his spreadsheet for calculating the difference in pay.

It’s Monday morning and my news feed is blowing up.  It has been shouting at me about Los Angeles Uber drivers going on strike.  And in case you live under a rock, here’s why. Uber has decided to do some “rate rebalancing” which is Uber’s way of saying ‘We are cutting your rates’.

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