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Juno[1] tried something like this in NYC back in the mid-2010's. They ended up getting acquired by Gett and discontinued their equity share ethos. [1] https://
by jefb 6y ago
Juno[1] tried something like this in NYC back in the mid-2010's. They ended up getting acquired by Gett and discontinued their equity share ethos.
[1] https://en.wikipedia.org/wiki/Juno_(company) https://en.wikipedia.org/wiki/Juno_(company)
Edit: Typo
- kaczordon 6y agoSo the workers all voted to be acquired?
- SirSourdough 6y agoFrom the wiki article: “Juno initially had an equity structure that planned to give drivers fifty percent of the founder's equity by 2026, but this program was discontinued in 2017 when Juno was acquired by Gett.” So I doubt much equity was in the hands of drivers at the time of the sale. Certainly doesn’t sound like it was first and foremost a co-op model.