Unless you’ve been living under a rock, you already know that Uber is on the prowl right now for Lyft drivers. They are currently offering $500 to current Lyft drivers who sign up with Uber and give only one ride. Even for the staunchest Uber haters that seems like a pretty sweet deal. If you’re a Lyft mentor, the deal gets even better since you’ll get an additional $500 for a cool $1,000!
Just to show you how much money Uber has these days, in addition to the $500 bonus Lyft drivers get for switching, they are also offering referral bonuses to their own drivers for going out and converting Lyft drivers in the amount of $500. Convert a Lyft mentor to Uber and you get $1,000. So if you’ve been getting a ton of requests in your e-mail or facebook inbox to switch to Uber now you know why.
My Thoughts on Grabbing the Money
Rideshare drivers are independent contractors, so whether you drive for Lyft, Uber or Sidecar you aren’t going to get any health and 401(k) benefits. And you sure as hell shouldn’t expect any loyalty from these companies either. And although unlikely, these rideshare companies could go out of business at any time, they could decide they have too many drivers and let go of half of us, etc. The list of what they could do goes on and on.