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☆ How a millennial Lyft driver used the gig to travel to all 50 states, launch a food blog, and get started on a book
▼ + stars: | 2024-04-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Kreskin J. Torres, a Lyft driver, has traveled across all 50 states, documenting his dining experiences. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementKreskin J. Torres, 35, has eaten his way through all 50 states — including Alaska and Hawaii. Learning the most profitable places and times to driveTorres noticed he would get more profitable rides driving around suburbs, airports, and sports stadiums, locations coveted by drivers as they get more tips and sometimes elevated fares. He learned New Year's will always be profitable, though rides slow down around February before picking up in mid-March.

Persons: Kreskin J, Torres, —, Kreskin, Foodie, he's, I've, what's, that's Torres, Uber, huckleberry swirls, Xing Xing, Year's, It's, He's Organizations: Service, Army, Baltimore, Wichita ., Uber, Android, Apple Locations: Alaska, Hawaii, Minneapolis, San Antonio, Austin, tacos, Arizona, Arkansas, Montana, Jackson , Mississippi, Holcomb , Missouri, Wichita

☆ Beware of these stocks at risk of a major earnings 'blowup'
▼ + stars: | 2024-04-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

First-quarter earnings season is just getting started, but investors may want to keep a close eye on a group of stocks at risk of a profit "blowup," according to Wolfe Research. The basket includes stocks that show up most often in the firm's short screens and filters companies based on earnings quality with 0 the worst and 100 the best. Tesla scores a 2 on Wolfe Research's earnings quality scale, showing up six times on the firm's short screens. Wolfe Research named Pinterest as another short idea, saying it was on four of the firm's short screens. Both stocks appear on four of the firm's short screens and have earnings quality scores in the 20s.

Persons: Morgan Stanley, Wolfe, Tesla, J.M Smucker Organizations: Wolfe Research, Bank of America, Elon, Rivian Automotive, Walgreens Boots Alliance, Juniper Networks, L3Harris Technologies Locations: China, Irvine , California

☆ It's easy to bash tech, but I've started taking robotaxis — and they're awesome
▼ + stars: | 2024-04-15 | by ( Peter Kafka | ) www.businessinsider.com time to read: +9 min

Unlike other hyped-up tech, self-driving taxis look like they could be the real thing. Which is exactly how I felt after my last trip to San Francisco, when I took several rides in Waymo's robotaxis. AdvertisementWe've heard about self-driving taxis forever, but they're just starting to become a reality. AdvertisementWaymo self-driving taxis are kitted out with cameras and other sensors, like this Jaguar model crossing an intersection in San Francisco. Waymo's self-driving cars aren't perfectYes, there are still some issues with Waymo, at least in the rides I took recently.

Persons: —, Waymo, We've, they're, Cruise, I'm, JASON HENRY, David Margines, honking, Mario Tama, Margines, Dmitri Dolgov, PyPqVaOc6B, Elon Musk, Musk Organizations: Service, Software, Google, San Francisco International Airport, Austin, Amazon, Warriors, Chase, Big, Elon Locations: San Francisco, Phoenix, Waymo's, Oakland, Los Angeles

☆ I was laid off from Lyft and it was a relief. Here's exactly how I used my severance to land somewhere better.
▼ + stars: | 2024-04-12 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

Here are the best ways I spent my severance package. Related storyI put $3,000 from the severance package directly toward the business for basic costs to get my idea off the ground. My severance package gave me the chance to attend conferences and events and make connections that guided my next career move. I also used severance funds to join professional organizations related to my new field, giving me networking opportunities and industry resources. My severance package became a pivotal resource not just to weather the immediate storm of my job loss, but for starting a new career narrative.

Persons: Li, —, Ziwei Li, It's, I'd, I've Organizations: Service, Wei, San Diego Zoo Locations: California, San Diego, LA, La Jolla

☆ Minneapolis gives Uber and Lyft a reason to stick around — at least until July
▼ + stars: | 2024-04-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Lyft and Uber might hit reverse on plans to leave Minneapolis on May 1 over a new minimum wage for rideshare drivers set to go into effect on that day, if a city council measure passes Thursday. The issue stems from a March decision by the city council to override the mayor’s veto of a minimum wage for rideshare drivers, set at the local minimum wage of $15.57 an hour. The ordinance mandates rideshare drivers make at least $1.40 per mile and $0.51 per minute within Minneapolis. Now some council members want to amend the ordinance and lower the per-mile rate to $1.21, but maintain the proposed per-minute rate of $0.51. With this amendment, we can accomplish those goals.”The statement was released by Council President Elliott Payne and Council Members Katie Cashman and Aurin Chowdhury.

Persons: New York CNN — Lyft, Uber, Lyft, ” Uber, Jacob Frey, Frey, KARE, Elliott Payne, Katie Cashman, Aurin Chowdhury, Lyft didn’t Organizations: New, New York CNN, Minneapolis City, Twin, CNN, Minneapolis Star, Tribune Locations: New York, Minneapolis, Twin Cities, Minnesota

☆ The Masters is about to turn Augusta's airport into 'organized chaos.' Here's how it gears up for an influx of over 1,500 private jets.
▼ + stars: | 2024-04-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +6 min

AdvertisementWith an average of 30,000 passengers a month, Augusta Regional Airport usually sees one-hundredth the number of passengers as Newark Liberty International. This year's Masters, played at Augusta National, is set to be the busiest yet for Augusta Regional Airport. "In years past, American has always given an influx of direct flights for Masters week," Smith told BI. But perhaps the most striking change from the usual day-to-day is the expected influx of private jets. Private jetsAugusta Regional Airport has two runways but closes one of them down for the Masters so that the private jets can park there.

Persons: —, Lauren Smith, Smith, It's, Barnwell, Augusta —, Uber Organizations: Augusta Regional Airport, Service, Augusta Regional, Newark Liberty International, TSA, Augusta National, American Airlines, Delta Air Lines, Delta, Private, Augusta, Atlanta —, New, Bombardier Challenger Locations: Augusta, Georgian, Washington, DC, Boston, Austin, JFK, Palm Beach, Orlando, LaGuardia, Detroit, Atlanta, Aiken, South Carolina, New York City, Toro

☆ Lyft CEO David Risher on refocusing the company: Customer obsession leads to profitable growth
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft CEO David Risher on refocusing the company: Customer obsession leads to profitable growthDavid Risher, CEO of Lyft, joins CNBC's 'The Exchange' to share his growth targets for the company, reactions from customers, and more.

Persons: David Risher

☆ The accountant shortage is so bad that it's delaying key reports at companies like Tupperware
▼ + stars: | 2024-04-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Read previewThe accountant shortage is so bad that companies are delaying filing key mandatory reports. On Friday, Tupperware said it didn't have enough accountants to get its annual report out on time. The storage container manufacturer is the latest on a growing list of companies that have delayed their annual reports for a host of reasons. About 70 companies have postponed annual reports this year, up 40% from last year, research company Intelligize tallied last month. Tupperware added that previous delays in filing its 2022 annual report led to postponement of its quarterly reports, which subsequently pushed back work on its 2023 annual report.

Persons: —, Tupperware, Intelligize, Steven Kachelmeier, Fitness Organizations: Service, Business, LinkedIn, PricewaterhouseCoopers, American Institute of Certified Public Accountants, US Bureau of Labor Statistics, Accountants, University of Texas, Mattel, Securities, Exchanges Locations: Orlando, Poland, American

☆ My dad was always an extreme penny-pincher, but his lessons helped me buy 2 homes on a teacher's salary
▼ + stars: | 2024-04-01 | by ( Elana Rabinowitz | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

My dad had many creative ways to save money, including zig-zagging all over NYC to avoid road tolls. Growing up, I learned the value of money from him, and I've applied his lessons over and over. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Following in my father's careful footsteps has allowed me to afford two homes and a new car, all on a teacher's salary. I love to travel, and, as a teacher, I'm able to take advantage of summers off.

Persons: I've, —, San Remo, I'd, I'm, doesn't Organizations: Service, New Locations: New York City, San, South America, South Africa, New York, Brooklyn

☆ MTA Board passes final vote on congestion pricing plan
▼ + stars: | 2024-03-27 | by ( Mark Morales | ) edition.cnn.com time to read: +3 min

CNN —Congestion pricing is coming to New York soon with transit officials officially approving the toll structure at a hearing on Wednesday. New York City will soon join other cities such as London, Stockholm and Singapore, with the new congestion pricing plan. Passenger and commercial vehicles will now pay $15 once they enter the “congestion relief zone,” which is below 60th Street in Manhattan. “One of the biggest goals of this is to finally attack congestion but the other side of the equation is to invest more in transit,” Lieber said. Despite the approval and expected implementation of the tolling plan, multiple lawsuits, such as one spearheaded by New Jersey Gov.

Persons: Janno Lieber, ” Lieber, ”, Phil Murphy, “ Organizations: CNN, “, MTA, New York City Department of Education, Taxi, Limousine Commission, New Jersey Gov Locations: New York, . New York City, London, Stockholm, Singapore, Manhattan, York, United States, Long

Soon after leaving his job, Gallo took an acting class in New York City — which wasn't too far from his home in New Jersey — and fell in love with the craft. He decided he wanted to be an actor and moved to the Big Apple to chase his dreams. His car insurance is also fairly cheap because he's on his parents' plan and reimburses them for the cost. His only other insurance cost is renters insurance for his apartment, since he receives free health insurance through the state. "I am happier now than when I was working for the insurance company," he says.

Persons: Max Gallo, didn't, Gallo, Mickey Todiwala, he's, He's, it's, Sylvester Stallone, Stallone, —, hasn't, steadier Organizations: CNBC, New Jersey —, Apple, Screen, American Federation of Television, Radio Artists, SAG, BMW, Citi, Facebook, Netflix, LinkedIn, Spotify, Hulu, Adobe, Citi Bikes, Insurance, Honda, BMW Roadster, New York City Marathon Locations: New York, New Jersey, Brooklyn

☆ An Uber and Lyft driver explains how he sometimes makes over $8,000 a week doing private rides in Miami and Fort Lauderdale for celebrities, politicians, and sports stars
▼ + stars: | 2024-03-26 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

One week, he made $8,300 doing private rides between stretches of Uber and Lyft driving. He started his own LLC and occasionally markets his independent driving business as a passenger. "You have to treat Uber and Lyft like a business if you're doing it full-time," Trent told Business Insider. "I do rideshare quite a bit, but I do it mostly to build my client business," Trent said. He said he can often charge customers much less than what they pay for Uber or Lyft rides, and he still makes more.

Persons: Trent T, Uber, Lyft, Trent, lupus vasculitis, didn't, Guy, he's, He's, they've, I'm, it's Organizations: Service, Business, Trent, Tesla, Nationwide, Border Patrol, Federal Air Marshal Service, Aldi, NFL, Uber, Miami Locations: South Florida, Texas, Mexico, Atlanta, Florida, Tennessee, Miami, it's, Miami Beach

☆ A month's pay in one week: South Florida Uber and Lyft drivers explain how they capitalize on the spring break rush despite 'a little sand' and 'crappy music'
▼ + stars: | 2024-03-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +13 min

Police made 573 arrests in Miami Beach last spring break and confiscated over 100 guns, per The Wall Street Journal. For some drivers, spring break is their ticket to a vacation of their own, but for others, the spring break slowdown has thrown their earnings for a loop. Many, like Jared S., 27, say they don't actively seek out spring breakers, though sometimes spring break rides can be profitable. AdvertisementBreaking up with spring breakMike McGrath, 57, is glad spring break is more under control this year. AdvertisementCapitalizing on spring break crowdsRenee said maximizing her earnings during spring break comes down to knowing when to be in certain areas.

Persons: Trent T, South Florida — Uber, it's, he's, Trent, He's, I'm, You'll, Jared S, Juan, Mike McGrath, McGrath, David Lowell, he'll, Lowell, Renee, Lyft, John D, John, Hiedi, Handford, Mark, there's, Marian O, Eliezer, Edgar Organizations: Service, South Florida —, Trent, Miami Beach, Police, Street, West Palm Beach, Miami, Delray, Facebook Locations: South Florida, Miami, Miami Beach, Florida, Fort Lauderdale, Palm Beach, Cuba, West Palm, South Beach, Delray Beach, Tennessee, Ubers, Boca Raton, Nicaragua, Venezuela

☆ The gig economy, overemployment, and job switching have made it easier than ever to boost your income. But those strategies aren't always worth it.
▼ + stars: | 2024-03-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Some side hustles come with a significant time investment and unpredictable pay. Related storiesNot all side hustles come with the time investment that ride-hailing does. But everyone with a side gig is faced with the same question: Are the extra working hours worth the financial reward? Only eight months after he started, he resigned from his two extra roles and decided to stop job-juggling for the time being. But all prospective job-switchers are faced with the same question: Are the uncertainties that come with a new job worth the financial reward?

Persons: —, switchers, Lyft, There's, overemployment Organizations: Service, Business, Harris Poll, Uber, Twin Cities, Bureau of Labor Statistics —, Federal Reserve Bank of Atlanta, Harris, Atlanta Fed Locations: Atlanta, Minnesota, Texas

☆ Uber: Taxi drivers in Australia win $179 million from ride-sharing giant
▼ + stars: | 2024-03-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Uber will pay more than 8,000 taxi and hire car drivers in Australia almost 272 million Australian dollars ($179 million) in compensation for losses they suffered after the ride-sharing giant entered the country in 2012, lawyers representing the drivers said Monday. It has also made “significant contributions to various state-level taxi compensation schemes” in Australia since 2018, according to the company. Uber now teams up with taxi drivers in many countries. “This caused loss of income to authorized taxi drivers and operators, and hire car operators. In a statement on its website, Uber Australia said ride-sharing regulations did not exist anywhere in the world when it launched more than a decade ago.

Persons: London CNN — Uber, Maurice Blackburn, Uber, ” Maurice Blackburn, “, ” Uber, —, ”, Elizabeth O’Shea, Letitia James, Lyft, Dhruv Tikekar Organizations: London CNN, Maurice Blackburn Lawyers, New York Locations: Australia, — Victoria, New South Wales, Queensland, Western Australia, United States, United Kingdom, York

☆ A part-time Uber and Lyft driver who primarily works around Disney in Florida said spring break is very profitable, but making enough year-round is difficult
▼ + stars: | 2024-03-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Jorge, 56, said driving for Uber and Lyft amid the big Florida spring break rush during the last few weeks has been profitable. The rideshare driver, who asked to only use his first name for fear of professional repercussions, said spring break is not like the rest of the year. AdvertisementHe said he's driving more hours during spring break to maximize his earnings, working all day on weekends in addition to his normal weekday schedule. Rides in South Beach were profitable during spring break, and he would drive around casinos and other tourist destinations. He estimates some days during spring break, he's making more money from tips than from fares.

Persons: Jorge, Uber, he's, it's, He's, we've Organizations: Service, Walt Disney World, Disney, City Council Locations: Florida, Orlando, Miami, South Beach, Disney, Minneapolis

☆ Lyft and Uber to cease operations in Minneapolis after new minimum wage law
▼ + stars: | 2024-03-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Lyft and Uber will stop offering services in Minneapolis on May 1 after the city council overrode the mayor’s veto of a minimum wage for rideshare drivers. The city council on Thursday voted 10-3 in favor of the override, allowing rideshare drivers to be paid the local minimum wage of $15.57 an hour. “Everyone wants to see Uber and Lyft drivers get paid more. However, the analysis Frey referred to showed lower numbers — $0.89 per mile and $0.49 per minute — to make minimum wage. Minneapolis is debating the minimum wage as gig workers across the country are advocating for fair wages and job benefits.

Persons: New York CNN — Lyft, Uber, Lyft, ”, it’s “, Jacob Frey, ” Frey, Frey, Tim Walz, ” Lyft, – CNN’s Jennifer Henderson, Ramishah Maruf Organizations: New, New York CNN, CNN, Twin, WCCO, Minnesota Gov, Democrat, Uber, New York City Locations: New York, Minneapolis, Twin Cities, Minnesota, California

The measure requires ride-hailing companies to pay drivers at least $1.40 per mile and $0.51 per minute for the time spent transporting a rider — or $5 per ride, whichever is greater — excluding tips. Photos You Should See View All 60 ImagesCritics of the bill say costs will likely spike for everyone, including people with low incomes and people with disabilities who rely on ride-hailing services. Supporters say the services have relied on drivers who are often people of color and immigrants for cheap labor. “Today’s vote showed Uber, Lyft, and the Mayor that the Minneapolis City Council will not allow the East African community, or any community, to be exploited for cheap labor,” Osman added. Seattle and New York City have passed similar policies in recent years that increase wages for ride-hailing drivers, and Uber and Lyft still operate in those cities.

Persons: — Lyft, Uber, Lyft, ” Lyft, ” Uber, Jacob Frey’s, ” Jamal Osman, “, ” Osman, Tim Walz, ” Walz Organizations: Republicans, City Council, Minneapolis City, Democratic, Uber, Associated Press Locations: MINNEAPOLIS, Minneapolis, Seattle, New York City

☆ Uber and Lyft are threatening to leave Minneapolis over a ride-hailing proposal supporters say would guarantee drivers earn the city's minimum wage
▼ + stars: | 2024-03-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +10 min

The conversation around ride-hailing driver pay has been heating up across the country over the past year. AdvertisementLoren Balazs, a full-time driver in Minneapolis, told BI he's worried the city council's proposal would hurt his ride-hailing business. The study estimated that a minimum pay rate of $1.21 per mile and $0.49 per minute would guarantee drivers earned the city's minimum wage. AdvertisementThe debate over minimum pay for ride-hailing drivers has been building in Minneapolis for over a year. Tim Walz vetoed a bill that would have established minimum pay standards for Uber and Lyft drivers.

Persons: —, Erin Hatton, Jacob Frey, Lyft, Lyft haven't, Uber, behemoths wouldn't, aren't, Axios, Alexandrea Ravenelle, Sergio Avedian, Guy, Austin, Avedian, Joe Pierce, he'd, Loren Balazs, Sheri Wegner, they'll, Mayor Frey, Tim Walz Organizations: Service, Business, University at Buffalo, Minneapolis City Council, Minneapolis, New, Seattle, Minnesota, University of North, Star Tribune, Minnesota Gov, Uber, Minneapolis City Locations: Minneapolis, Minneapolis ? Minnesota, New York City , Washington, California, Chicago and Massachusetts, Washington, Seattle, Minneapolis . Washington, Alexandrea, University of North Carolina, Minnesota, Twin Cities

☆ AI could boost these stocks with customer support needs, Barclays says
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

One of the leading emerging use cases for artificial intelligence could be automating customer support requests, according to Barclays. At a time when some investors are beginning to doubt the AI momentum, some companies are now experimenting with AI for customer support and consumer-facing features. These support levels involve escalations from solving simple customer service problems, and can entail trouble-shooting with support technicians and the involvement of engineers, if needed. Lyft stands to be the biggest beneficiary of AI automating customer support requests, assuming that it can move just over a third of its Level 2 and 3 human-based customer service requests to AI. To be sure, it's still early days for companies that could benefit from deploying AI as part of their customer support, Barclays found.

Persons: Ross Sandler, Klarna, Sandler, GoDaddy, Roblox's, it's, We've Organizations: Barclays, Web Services, Google, FactSet

☆ How a single mom with four kids who drives for DoorDash and Walmart Spark struggles to make ends meet: 'It is a never-ending vicious cycle'
▼ + stars: | 2024-03-12 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Bri, a single mom of four, is struggling to make ends meet driving for DoorDash and Walmart Spark. Bri turned to gig driving after a knee injury made her previous job at an Amazon warehouse untenable. Gig driving with a disabilityBri was a business owner in home healthcare, but once the pandemic struck, she lost access to many of her clients. She was unsure how long Amazon's disability payments would last, and gig driving was one of her only options. She's driving her daughter's car after she wrecked hers a few months ago.

Persons: Bri, —, aren't, Lyft, Uber, DoorDash, She's, GrubHub, she's, hasn't, there's, I've Organizations: DoorDash, Walmart, Service, Business, Doordash, Amazon, Down, UPS Locations: Fort Worth , Texas, New York City, Galveston, Texas, bam, DoorDash

☆ The biggest perk of gig work might also be its downfall
▼ + stars: | 2024-03-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Many gig drivers lured by the flexibility of gig work say the flexibility of their job is often limited. AdvertisementMany drivers for Uber, Lyft, and other rideshare and delivery apps say they value the flexibility of gig work over any other component. AdvertisementMany part-time drivers have previously told BI they value gig driving for the ease with which they could supplement their core income. Some drivers told her they would work 16-hour overnight shifts on weekends to find higher-paying, better-tipped rides. "Uber and its peers appeal to workers with oodles of promises that workers can hold the power to control their work hours.

Persons: —, Uber, Sergio Avedian, Guy, Avedian, Lyft, Uber hasn't, Lindsey Cameron, Cameron, you've, Laura Katsnelson, Felix Oberholzer, Gee, Katsnelson, Katie Wells, Wells Organizations: Uber, Service, Business, Wharton School, Unit, Harvard Business School, Workers, Georgetown University Locations: Jacksonville , Florida, Los Angeles

☆ I quit my draining IT job and moved to South Korea to teach English. The language barrier is tough, but I'm much happier here.
▼ + stars: | 2024-03-08 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

Alex Brown, a UK native, moved to South Korea to teach English after quitting his IT job in 2023. Despite language and navigation challenges, Brown enjoys his new job and life in South Korea. AdvertisementThis as-told-to essay is based on a conversation with Alex Brown, a 30-year-old from Hampshire, England, who moved to South Korea to teach English. AdvertisementI started researching and discovered programs where I could teach English in different countries. AdvertisementI'm glad I picked South Korea to live for a yearMy experience here has been positive so far.

Persons: Alex Brown, Brown, —, Cheongju, I've, I'd, Uber, haven't Organizations: Service, Google, Cheongju Locations: South Korea, Hampshire, England, Bali, Cambodia, India, Turkey, Cheongju, Jikji, Asia, America, Caribbean

☆ Many single parents who drive for apps like Uber and Lyft say it's their best option — but they still can't pay their bills
▼ + stars: | 2024-03-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

AdvertisementFlexibility can be an illusionMost single parents with whom BI spoke said they valued the flexibility gig work gives them. Some single parents with disabilities said being able to take days off has helped them stay healthier and avoid burnout. This means that a higher percentage of single parents' earnings goes toward childcare costs, pushing some away from using childcare entirely. "These fluctuations and discrepancies can be devastating to individuals who don't have other mechanisms to make money, including single parents who are often operating on a single income," Greening said. AdvertisementIt's not easy for parents with older childrenThe issues single parents face still linger for those with older children.

Persons: Bri, Uber, Dara Khosrowshahi, Lyft, Uber hasn't, Susan, she's, Lindsey Cameron, Cameron, Cindy Lehnhoff, Lehnhoff, Bryant Greening, Greening, Starla, She's, Genesis, Paul, he's, It's humbling Organizations: Service, DoorDash, Walmart, Business, Wharton School, National Child Care Association, BI, Uber, Security Disability Insurance, Arizona State University Locations: Fort Worth , Texas, Grubhub, bam, Ohio, Jacksonville , Florida, Atlanta, Las Vegas

Companies with upcoming IPOs can offer directed share programs to qualifying groups of retail investors to buy IPO stock. Rather than buying shares through a broker, a directed share program allows investors to buy IPO stock directly from the company. AdvertisementCompanies may offer a directed share program to employees, vendors, or, in Reddit's case, loyal users and moderators. The risk involved with directed share programsOne of the risks associated with directed share programs is that a DSP may harm the company's IPO by causing the IPO value to inflate. How to participate in Reddit's directed share programReddit began rolling out directed share program pre-registration invitations to certain users and moderators on February 22, 2024.

Persons: you'll, Reddit, Redditors, Insider's, Will McDonough, McDonough, Airbnb, Uber, —, there's, Reddit's Organizations: Companies, Corestone, New York Stock Exchange, Reddit, IPOs, DSP Locations: IPOs

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