Lyft went public at a higher-than-expected valuation, but despite investor optimism, the company still doesn’t make a profit or pay its drivers a living wage.

VCs, employees make billions in Lyft’s IPO while drivers and individual investors lose

Halim

I listened to a podcast that noted it was Rockefeller with his oil tycoon that set the model. 🌋

Christian

Hopefully it’s not how future society is driven. Too many historic successes are built off exploitation of natural/societal/human/ etc resources forcing others to do the same to compete

That is how the current society is driven 😅

Halim

A group of likeminded people in TechCrunch Social are talking about this.