Juno promised drivers equity in the future of ride-hailing and gave them $100 instead

Cory Savary didn’t expect to get rich driving for Juno. But he did think the ride-hailing startup that promised him part-ownership in the company as a driver would stay true to its word. 

“I thought even if I wasn’t going to be a millionaire, I could at least get a couple hundred dollars for the blood, sweat, and tears and risking my reputation for these companies,” said Savary, who started driving full-time for ride-hailing apps in 2015 and signed up for Juno last summer. 

Juno sold to Gett this week for $200 million, combining the two companies into an interesting third player in the U.S. ride-hailing market. It was the kind of deal that was supposed to mean a payday for Juno’s equity-holding drivers. Read more…

More about Ride Hailing Apps, Gett, Juno, and Business

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