Uber and Lyft are reportedly giving drivers cash to buy shares in their respective IPOs

1st March 2019

Uber and Lyft are reportedly going to give money to some of its drivers to enable them to buy stock in the transportation companies’ respective initial public offerings, The Wall Street Journal reported earlier today. Citing people familiar with the matter, the WSJ says both Uber and Lyft will reward some of their more active or long-time drivers with a cash award with an option to buy stock in the…

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Tesla will close most of its stores and only sell cars online

1st March 2019

In a major shift, Tesla announced that it will only sell its vehicles online. The electric carmaker will close most of its stores over the “next few months” and lay off some retail employees. Tesla announced the move at the same time it said it will finally begin to sell its long-promised $35,000 Model 3. Customers who purchase their Teslas online will have up to a week to return the…

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