Many drivers in urban areas like San Francisco and Los Angeles drive for both Uber and Lyft, and some could stand to benefit from both stock programs. The Wall Street Journal first reported Uber and Lyft’s driver stock plans earlier on Thursday. Lyft is expected to publicly release its regulatory paperwork this week, and it likely will contain details on the driver stock reward program. Lyft expects to be valued at between $20 billion and $25 billion in its IPO, up from its current $15 billion valuation. Uber is seeking a valuation that could reach $120 billion, up from its $76 billion valuation in the private market.

Source: The Express Tribune March 01, 2019 07:18 UTC