Ride - hail platform And the competition against which Juno pits itself is as well-funded as it is fierce. , Juno was launched in New York in February this year , promising to improve on Uber by being a “ fairer , more equitable alternative ” and offering equity to anyone who works for at least 120 hours on the app per month . So far 11,000 drivers have signed up , and each will receive their share of the pledged total one billion dollars , via the issuance of 25 million “ restricted stock units ” to drivers each quarter , beginning with the quarter that ends on 30 June . Additionally , drivers will still only have to give the company 10 % of their wages , less than half the 25 % claimed by Uber and Lyft , 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 February this year , promising to improve on Uber by being a “ fairer , more equitable alternative ” and offering equity to anyone who works for at least 120 hours on the app per month . So far 11,000 drivers have signed up , and each will receive their share of the pledged total one billion dollars , via the issuance of 25 million “ restricted stock units ” to drivers each quarter , beginning with the quarter that ends on 30 June . Additionally , drivers will still only have to give the company 10 % of their wages , less than half the 25 % claimed by Uber and Lyft , 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 .