Uber says it will leave the metro, and Lyft says it will leave Minneapolis on May 1, when the rideshare driver pay increase approved by the Minneapolis City Council goes into effect.
The Drivers Cooperative or Co-Op Ride is an American ridesharing company and mobile app that is a workers cooperative, owned collectively by the drivers.
The cooperative is owned by the drivers themselves, and takes 15% from each ride for business overhead costs, as opposed to the 25% to 40% ride hail apps like Uber or Lyft take per ride.
In addition to a larger percentage of the fees per ride driven, each driver as a part-owner will also receive a share of the company’s profits after loans and other expenses are paid, in the form of weighted dividends.
The cooperative vets its owner-members further than what is already performed by the New York City TLC and gives a fixed price when a car is ordered and does not engage in surge pricing. […] In 2021 that is $1.26 per mile which Uber and Lyft do not pay above; the cooperative pays a minimum mileage of $1.64. The cooperative intends to be able to set aside 10% of profits to community foundations and other non-profits and community organizations.
Now they can set up a worker cooperative instead.
https://en.wikipedia.org/wiki/The_Drivers_Cooperative