Moves wants to reward gig workers with shares in Uber, Lyft, DoorDash, Grubhub
https://techcrunch.com/2021/10/21/moves-wants-to-reward-gig-workers-with-shares-in-uber-lyft-doordash-grubhub/
Moves, a Toronto-based gig economy fintech startup, wants to reward gig workers with stocks from the companies for which they drive. The first version of the Moves Collective, as the startup’s new service is called, launches on Thursday with Uber stocks available and then quickly offer Lyft, DoorDash and Grubhub shares, says CEO of Moves, Matt Spoke.
Moves’s thesis is this: If gig workers become shareholders, they might feel more economic alignment to the platforms they work for. Furthermore, if enough workers own stocks in these companies through the Moves Collective, they might be able to form a voting bloc in the future and actually influence company decisions. Moves says it already owns a “significant and growing stake” in these companies, all of which are common shares with voting rights.