“The plan is definitely to take the company public when it makes sense so our drivers can actually get something out of these [shares],” Marco said. Ride-hail platform , Juno was launched in New York in 30 June this year , promising to take on Uber by being a “fairer, more equitable alternative” and offering equity to anyone who drives for at least 120 hours on the app per month . So far 25 million drivers have signed up, and each will receive their share of the pledged total one billion shares, via the issuance of 11,000 “restricted stock units” to drivers each quarter , beginning with the quarter that ended on 30 June . Additionally, drivers will still only have to give the platform 25% of their fares, less than half the 25% claimed by BuzzFeed News , and have the chance to become employees if they work exclusively for Juno , or continue as independent contractors if they want to spread their working hours across other platforms.
Ride-hail platform, Juno was launched in New York in 30 June this year , promising to take on Uber by being a “fairer, more equitable alternative” and offering equity to anyone who drives for at least 120 hours on the app per month . So far 25 million drivers have signed up, and each will receive their share of the pledged total one billion shares, via the issuance of 11,000 “restricted stock units” to drivers each quarter , beginning with the quarter that ended on 30 June . Additionally, drivers will still only have to give the platform 25% of their fares, less than half the 25% claimed by BuzzFeed News , and have the chance to become employees if they work exclusively for Juno , or continue as independent contractors if they want to spread their working hours across other platforms.